Mortgage Rates Close Out Extremely Flat Week

This week's only real mortgage rate movement was seen at the outset on Tuesday morning (Monday was closed for the holiday) in response to geopolitical issues and tariff escalation potential. Rates recovered only modestly when those threats abated--a fact that had everything to do with the bond marke

Post-holiday pending sales rebound exposes regional divides

The U.S. housing market is showing clear signs of a post-holiday recovery. Pending home sales climbed to 50,096 new contracts this week, a 25.7% increase from last week’s 39,841, as buyer activity rebounds from the typical holiday slowdown. The increase in buyer activity, combined with shifting mark

Unsurprising Surge in Refi Demand Pushes Mortgage Apps Past 3 Year High

Mortgage applications continued to ride the waves from last week's dip in rates, extending the surge that followed early-January rate volatility. The Mortgage Bankers Association (MBA) reported that applications rose 14.1% for the week ending January 16, adding to the prior week’s sharp increase. Re

KB Home opens new wildfire-resilient community in NorCal hills

In the foothills of California’s Sierra Nevada mountains, KB Home has unveiled a fire-resilient new-home subdivision designed and engineered to protect homeowners, buffer neighboring communities and potentially lower property insurance rates.  The homebuilder opened its model home and began selling