According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis.
Home purchasing power is up 6.6% since the start of the year.
The FOMC adjourns from a 2-day meeting today. Mortgage rates are expected to change -- perhaps by a lot.
This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on average.
New construction housing is in a post-recession rally.
Analysts made bold calls at the start of the year about the housing and mortgage markets. How good were their predictions?
With mortgage rates down to all-time lows, you can buy a lot more home for your money these days. Home affordability is at an all-time high.
Friday morning, the Bureau of Labor Statistics will release its Non-Farm Payrolls report. If you're actively shopping for a mortgage, today may be a prudent day to lock a mortgage.
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.
The Federal Reserve has released the minutes from its last FOMC meeting. Mortgage rates are rising on the news.