The share of investor purchases of U.S. homes have climbed to an all-time high, a sign that rising home prices have done little to dampen demand for flipping homes or turning them into single-family rentals.
Rates for home loans were mixed, but stayed near recent lows, even as bond market moves suggest another big step down lies ahead.
Rates for home loans mostly held steady, and even declined slightly, as investor jitters about a slowing economy and geopolitics continued to keep bonds attractive. The 30-year fixed-rate mortgage averaged
Mark Calabria says it is past time to end government conservatorship of mortgage-finance companies Fannie Mae and Freddie Mac.
Rates for home loans slid as investors snatched up bonds in the midst of an intensifying global trade war.
As of 2016, first-time buyers made up 46% of purchases, according to the New York Fed.
Roughly 885 million mortgage-related files stretching back over a decade were exposed by First American Financial Corp., one of the country’s largest title insurance companies, thanks to a flaw in the design of a website that stored the files.
Small details about the housing market can say just as much about how well Americans, and the broader economy, are doing.
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