For Week Ending September 12, 2020 The Mortgage Bankers Association (MBA) Mortgage Credit Availability Index (MCAI) in August fell by 4.7 percent to 120.9. A decline in the MCAI indicates that lending standards are tightening, and this latest drop finds … Continue reading →

For Week Ending September 5, 2020 Strong buyer activity continues into the back-to-school season that normally signals the seasonal slowing of the housing market. With more buyers in the market and the continued constrained supply of homes for sale, speedy … Continue reading →

For Week Ending August 29, 2020 Mortgage rates continue to remain near all-time lows. This week, mortgage giant Freddie Mac reported that average rates on a 30-year fixed-rate mortgage were 2.91% with an average of .8 points, just slightly above … Continue reading →

For Week Ending August 22, 2020 New construction activity continues to show strength, reaching pre-COVID-19 levels. The latest report from the Commerce Department and U.S. Housing and Urban Development shows total housing production is up 22.6% to a seasonally adjusted … Continue reading →

For Week Ending August 15, 2020 Weekly new unemployment insurance claims dropped below one million for the first time since March last week. More than 28 million people are receiving some form of unemployment benefits as of July 25th, which … Continue reading →