Home sales and prices continue to rise


By Sony Kassam Existing home sales, supported by an improving labor market, were better than expected in January, rising to the highest annual rate in six months, a trade group said Tuesday. The National Association of Realtors said existing home sales, including condos, co-ops and single-family homes, inched forward 0.4 percent from December, to a […]

Fed rate hike spurs jump in mortgage applications

By Xiumei Dong Mortgage applications jumped last week, a trade group reported Wednesday, as consumers rushed to refinance their homes before interest rates move higher. For the week ending Jan. 8, total applications increased 21.3 percent from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association survey, reaching the second […]