Housing Starts Drop 5 Percent In June; Permits Up Home construction plunged last month to the lowest level since October as the economy remained weak and demand for housing plummeted. Construction of new homes and apartments in June fell 5 percent from a month earlier to a seasonally adjusted annual rate of 549,000. However, building [...]
Tag Archives: drop
Interest rates extend drop on fears of slowdown
Interest rates extend drop on fears of slowdown NEW YORK (AP) — Interest rates have fallen to new lows for the year in the bond market after concerns grew that a global rebound is stalling. Read more on KING5 Seattle
Mortgages drop
Mortgages drop Chinese bankers reported a bigger drop in demand for mortgages than for other types of loans in a central bank survey released Thursday. The People’s Bank of China said fewer consumers expected housing prices to keep rising. &$ &$Source: Global Times &$ &$ … Read more on People’s Daily
U.S. Stocks Drop on Growing Concern Over Europe, Economic Data
U.S. Stocks Drop on Growing Concern Over Europe, Economic Data May 22 (Bloomberg) — U.S. stocks fell this week, sending the Standard & Poor’s 500 Index to a three-month low, on growing uncertainty over European leaders’ plans to halt the debt crisis and economic data that raised doubts about the strength of the economic recovery. [...]
Mortgage rates drop for fifth consecutive week
Mortgage rates drop for fifth consecutive week Interest rates hit their lowest level this year, mortgage company Freddie Mac says. The average rate for a 30-year fixed loan is 4.93%. The European debt crisis is helping to drive down rates. Interest rates on mortgages have declined for a fifth straight week, with 30-year fixed-rate loans [...]
Late payments on mortgages show surprising 1Q drop
Late payments on mortgages show surprising 1Q drop The rate of late mortgage payments has dropped for the first time since 2006. Read more on KKCO Grand Junction