Higher Mortgage Rates Haven't Killed the Housing Recovery -- Yet
Now that mortgage rates have come off their historic lows, commentators are beginning to proclaim that the end of the housing recovery is nigh. But like most things published on the internet, the truth is much more nuanced.
Mortgage Applications Fall for 10th Time in 11 Weeks
The Mortgage Bankers Association reported today that applications for home loans fell for the third time in a row last week.
Home Prices Continue to Climb
Despite the gathering clouds over the housing market, there’s one constant: Home prices continue to climb higher.
Housing Affordability Falls to Lowest Level in 4.5 Years
Data released yesterday by the National Association of Home Builders showed that affordability, while still high by historical standards, is on the downturn.