Higher Priced Homes Selling, Builders Confident, Forbearance Update
Homes in the $100,000 to $250,000 range only saw a 4% gain in sales compared to a year ago, while sales of homes costing more than $1 million more than doubled. Lawrence Yun Rates – ticked up marginally this week maintaing the slight upward trend over the last quarter. They remain nearly 1% lower than […]
Oil, Fed Rate Cut, Mortgage Rates Improve
Oil – Saudi Arabia suspended 1/2 of its daily oil production after one of their central processing facility was attacked exposing its vulnerability. This facility produced 5% of total global supply and its loss caused oil prices to spike by approximately 13%. Rates – after increasingly significantly in September, rates improved this week after attacks […]