New Home Sales Fell 8% in May
For the second straight month, sales of new U.S. homes fell in May.
For the second straight month, sales of new U.S. homes fell in May.
After six straight weeks of decreases, 30-year fixed-rate mortgage rates turned around and inched up 0.2% to 4.14%, putting a damper on home loan applications.
Only 4% of U.S. mortgages were delinquent in March
Investor concern over international trade pushed 30-year fixed rate mortgage interest rates down to 3.82%
Mortgage loans were a little easier to get in May, according to the Mortgage Bankers Association.
The number of U.S. refinance applications jumped 6.4% in the latest week.
There are currently over 2,400 programs available nation wide for down payment assistance.
Sales prices for U.S. homes increased by 1% in April from March and made their first annual gain in a year.
The U.S. mortgage delinquency rate rose in the first quarter, leaving behind the 18-year low from the last quarter of 2018
Long-term mortgage interest rates dipped in the latest week