Sales of new U.S. single-family homes vaulted to a five-year high in June, showing little signs of slowing in the face of higher mortgage rates.
Sales of existing homes unexpectedly fell in June, but a surge in prices suggests the housing market recovery remained on course.
Homebuilder confidence rose in July to its strongest level in 7½ years as tightening supply and solid demand.
Over the past few weeks, mortgage rates have spiked, striking panic in the hearts of potential home buyers and sellers. But the reality isn't as dire as the headlines suggest.
The average U.S. rate on the 30-year fixed mortgage rose this week to 4.51 percent, a two-year high.
Fewer U.S. homes entered the foreclosure process or were repossessed by banks in June, the latest sign that the nation is shaking off its housing bust hangover.
Interest rates on standard mortgages jumped since spring, but rates on ARMs have held steady, and their popularity is rising in response.
Fewer U.S. foreclosures were completed in May compared with a year ago, while the number of houses in the foreclosure process also declined as the market continued to heal.
U.S. consumer sentiment improved in late June, ending the month close to a near six-year high set in May, as optimism among higher-income families rose.
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U.S. home resales rose in May to the highest level in more than 3 years and prices jumped, a sign the housing sector recovery is gathering steam.
The Federal Reserve says it will keep buying $85 billion in bonds each month and gave no indication that it may soon scale back the stimulus program.
Housing starts rose less than expected in May, likely reflecting labor and material constraints, but the overall trend remained consistent with strength in the housing market.
In the past month, mortgage rates have risen sharply, from about 3.40% to 3.90%. And if you're looking to buy or refinance, that puts extra emotional pressure on you move now.
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Contracts to buy previously owned U.S. homes rose to their highest level in three years in April, but a shortage of properties for sale could slow down the momentum.
Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high.
Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing market.
The Fed is sticking with its bond-buying plan to push down borrowing costs and prop up the economy, citing risks to growth from recent budget tightening in Washington.
Scant inflation and still-modest U.S. economic growth will likely lead the Federal Reserve this week to maintain its drive to keep borrowing costs at record lows indefinitely.