By Jeff Cox, CNBC U.S. homebuilding unexpectedly rose in March, but starts for single-family housing tumbled amid rising mortgage rates. Housing starts increased 0.3% to a seasonally adjusted annual rate of 1.793 million units last month, the Commerce Department said on Tuesday. Data for February was revised higher to a
By Dian Olick, CNBC Record high home price appreciation is sidelining ever more buyers and finally taking the bang out of the pandemic-induced housing boom. Weekly mortgage demand is falling along with it, down 6.9% for the week according to the Mortgage Bankers Association’s seasonally adjusted index. That is the
By Brian Sozzi, Yahoo Finance The red-hot U.S. housing market may meet its match this year: rising mortgage rates. Thus far though, it doesn’t appear housing has been thrown too much off its stride. “The consumer has certainly lost some of that [buying power] in the last couple of weeks,
By Diana Olick, CNBC Mortgage rates fell for the first time in nearly a month, and that lit a fire under current borrowers who may have thought they missed the boat on refinancing their loans. Applications to refinance jumped 11% last week from the previous week, according to the Mortgage
By Diana Olick, CNBC After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb, and that lit a fire under borrowers, fearing they might miss the last of the lowest rates. Mortgage applications to refinance a home loan spiked 20% last week
