Wages Now Struggle to Keep Up with Home Prices

Wages Now Struggle to Keep Up with Home Prices

The latest US Home Affordability Index datafor the second quarter of the year reveals an unsettling fact about homeownership in the country: it’s getting more expensive to own a home since the crisis hit in 2008.In a recent report provided by California-based housing...
Mortgage Applications Slide Down in Latest Weekly Survey

Mortgage Applications Slide Down in Latest Weekly Survey

In the week ending July 7, the volume of mortgage applications had acutely gone down 7.4 percent for the previous week. This data** is reported by the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.SURVEY HIGHLIGHTSThe overall Market...
Fed Defers Rate Hike as CPI Remains Unchanged

Fed Defers Rate Hike as CPI Remains Unchanged

The Federal Reserve (Fed) decided to keep the target range for the federal funds rate between 1 and 1.25 percent. This is in line with its economic data which shows inflation running below its targeted 2% threshold and as confirmed by the Consumer Price Index that...