News

U.S. housing permits up in May

U.S. housing starts dropped in May although permits to build new homes rose to the highest in well over three years.

China home prices down for 8th consecutive month

China's home prices dropped for the eighth consecutive month in May but the pace of decline slowed, triggering concerns over a short-term rebound in prices.

Mortgage rates remain low

Rates on a 30-year fixed-rate mortgage averaged 3.71 percent for the week ending June 14, according to Freddie Mac’s weekly survey of conforming rates. Before that week, rates had broken record lows for six weeks in a row.