Real estate news

• Fed Holds Key Interest Rate Steady but Signals Hike Could Come This Fall

  31-07-2016 19:06
  
  (TNS)—Federal Reserve policymakers said Wednesday they were holding a key interest rate steady but signaled a hike could come this fall as their concerns have eased about a slowing job market and the fallout from Britain’s vote to leave the European Union.
  Following a two-day meeting, central bank officials voted to keep the federal funds rate at between 0.25 percent and 0.5 percent, where it has been since December.
  But there was a markedly improved characterization of the U.S. econ
  
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• New Home Sales: Financing Source Shares Hold Steady

  31-07-2016 19:05
  
  NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals that the share of mortgages financed through conventional, FHA, and VA loans, as well as cash, held steady in the second quarter of 2016 while the number of new homes sold grew by 22 percent.
  According to data from the Census Bureau’s Quarterly Sales by Price and Financing and NAHB calculations, new home sales due to FHA-backed loans increased to a quar
  
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• Mortgage Applications Drop 11 Percent

  31-07-2016 19:04
  
  Mortgage applications decreased 11.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 22, 2016.
  The Market Composite Index, a measure of mortgage loan application volume, decreased 11.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 11 percent compared with the previous week. The Refinance Index decreased 15 percent from the p
  
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