A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either. Of […]
Highlights Low rates are finally starting to raise demand for mortgage applications, both for purchase applications, up 5.0 percent in the March 20 week, and refinancing applications which surged 12.0 percent. The gain in purchase applications, now up a respectable 3.0 percent year-on-year, is especially good news and points to gains for home sales. Rates moved substantially lower in the week with the average 30-year loan for conforming balances ($417,000 or less) down a very steep 9 basis points to 3.90 percent.
Definition The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction. Why Investors Care
