New Home Sales Fell By 4.7% In August

New Home Sales Fell By 4.7% In August

New home sales remained sluggish in August before confidence in an FOMC rate cut led to cooling rates. That’s according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales ticking down by 4.7% to a seasonally adjusted annual rate of 716,000 in August, down from the month…

Loan Applications Fall Further As Market Shows Signs Of Cooling

Loan Applications Fall Further As Market Shows Signs Of Cooling

Mortgage loan application volume dropped another 1.2% after plunging by 11% last week, the Mortgage Bankers Association’s (MBA) weekly survey shows. The adjusted Market Composite Index, a measure of mortgage loan application volume, fell by 1.2%. The adjusted purchase index didn’t budge, moving 0%, while the unadjusted purchase index fell by 1% and was 16%…

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