U.S. House Purchase Mortgage Applications Highest In Over 2 Years: MBA

RTTNews | 441 hari yang lalu
U.S. House Purchase Mortgage Applications Highest In Over 2 Years: MBA

(RTTNews) - Home loan applications in the U.S. rose to their highest level since early 2023 in the week ended July 04, while mortgage rates eased only modestly, survey data from the Mortgage Bankers Association showed on Wednesday.

The number of mortgage applications grew 9.4 percent from the previous week when it they rose 2.7 percent. The latest weekly results were adjusted for the July 4th holiday.

The refinance Index increased 9 percent from the previous week. The 30-year fixed mortgage rate decreased just 0.2 percentage points to 6.77 percent, which was the lowest in three months.

"After adjusting for the July 4th holiday, purchase applications increased to the highest level of activity since February 2023 and remained above year-ago levels," Joel Kan, MBA's vice president and deputy chief economist, said.

"Homebuyer demand is being fueled by increasing housing inventory and moderating home-price growth."

The average loan size on a purchase application was $432,600, which was the lowest since January 2025.

baca selengkapnya
U.S. Leading Economic Index Unexpectedly Edges Lower In August

U.S. Leading Economic Index Unexpectedly Edges Lower In August

A report released the Conference Board on Friday unexpectedly showed a modest decrease by its reading on leading U.S. economic indicators in the month of August. The Conference Board said its leading economic index edged down by 0.1 percent in August after rising by 0.2 percent in July. Economists had expected the index to inch up by 0.1 percent.
RTTNews | 5 hari yang lalu
U.S. Industrial Production Unexpectedly Flat In August

U.S. Industrial Production Unexpectedly Flat In August

With a jump in utilities output offset by a decrease in manufacturing output, the Federal Reserve released a report on Friday showing U.S. industrial production unexpectedly came in flat in the month of August. The Fed said industrial production was unchanged in August after rising by an unrevised 0.2 percent in July. Economists had expected industrial production to climb by 0.3 percent.
RTTNews | 5 hari yang lalu
U.S. Pending Home Sales Rebound From Six-Month Low In August

U.S. Pending Home Sales Rebound From Six-Month Low In August

A report released by the National Association of Realtors on Thursday showed a modest rebound in pending home sales in the month of August. NAR said pending home sales index rose by 0.3 percent to 71.2 in August after tumbling by 2.6 percent to a revised 71.0 in July. Economists had expected pending home sales to climb by 0.5 percent.
RTTNews | 6 hari yang lalu
Philly Fed Index Pulls Back Off Five-Year High In September

Philly Fed Index Pulls Back Off Five-Year High In September

The Federal Reserve Bank of Philadelphia released a report on Thursday showing a smaller-than-expected pullback by its reading on regional manufacturing activity in the month of September. The Philly Fed said its diffusion index for current general activity fell to 37.8 in September after climbing to 47.4 in August, although a positive reading still indicates growth.
RTTNews | 6 hari yang lalu
U.S. Housing Starts Unexpectedly Tumble 2.6% In August

U.S. Housing Starts Unexpectedly Tumble 2.6% In August

New residential construction in the U.S. unexpectedly saw further downside in the month of August, according to a report released by the Commerce Department on Thursday. The Commerce Department said housing starts tumbled by 2.6 percent to an annual rate of 1.309 million in August after plunging by 9.0 percent to a revised rate of 1.439 million in July.
RTTNews | 6 hari yang lalu
U.S. Jobless Claims Unexpectedly Dip To Lowest Level Since Mid-July

U.S. Jobless Claims Unexpectedly Dip To Lowest Level Since Mid-July

A report released by the Labor Department on Thursday showed an unexpected decline in first-time claims for U.S. unemployment benefits in the week ended September 12th. The Labor Department said initial jobless claims fell to 196,000, a decrease of 10,000 from the previous week's unrevised level of 206,000. Economists had expected jobless claims to inch up to 208,000.
RTTNews | 6 hari yang lalu