Home >> Tag Archives: U.S. Department of Housing & Urban Development (HUD)

Tag Archives: U.S. Department of Housing & Urban Development (HUD)

Mortgage Rates Shift Direction, Trend Upward

After a three-week slide, Freddie Mac reports the fixed-rate mortgage rose four basis points week-over-week, and despite affordability headwinds, buyers have driven new home sales to levels seen in more than 12 months.

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New Single-Family Home Sales Hit 15-Month High

The U.S. Census Bureau and HUD have found that new, single-family home sales were at a seasonally-adjusted annual rate of 763,000 in May 2023, 12.2% above April 2023’s rate of 680,000 marking the highest level reported since February 2022.

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