Dip in new home sales merely a bump in market’s recovery road: economists

New home sales

By Steven Porter New home sales fell short of expectations in January, but economists remain confident the housing market’s recovery will continue bit by bit. Single-family houses sold at a seasonally adjusted annual rate of 494,000 last month, 9.2 percent below the 544,000 economists surveyed by Yahoo Finance had been expecting,  according to a report  […]

Mortgage applications climb as lower rates pique interest

Banks offer lower mortgage rate

By Poroma Pant Responding to a drop in interest rates, consumers stepped up their mortgage applications last week, a trade group reported Wednesday. Mortgage applications increased 9.3 percent from one week earlier, on a seasonally adjusted basis, according to the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey. The 30-year fixed-rate mortgage on confirming loans […]