Housing
15 posts
Existing Home Sales: Small Gains Reaffirm Bottom
Existing home sales rose slightly in May, better than expectations for a further decline. Sales continue to offer signs of a bottom…
Mortgage Apps: Rates Blow Through 7%
The average 30-year fixed-rate in the primary mortgage market blew through 7%, hitting 7.15% last week as secondary mortgage market spreads to Treasuries widened sharply. As we said in recent weeks, holding below the psychologically important 7% rate…