ABA DataBank: New home sales decline 10.5% in July
The July reading of new home sales reflects affordability challenges, with mortgage rates reaching 6.66% at the end of July. The post ABA DataBank: New home sales decline 10.5% in July appeared first on ABA Banking Journal .
The July reading of new home sales reflects affordability challenges, with mortgage rates reaching 6.66% at the end of July. The post ABA DataBank: New home sales decline 10.5% in July appeared first on ABA Banking Journal .
BELLINGS Intelligence Score: 35
Why it matters
The 10.5% decline in new home sales signals notable market activity reflecting affordability challenges amid rising mortgage rates, with implications for credit demand and housing finance sectors, but it is not a direct monetary-policy signal or systemic event.
Sources
ABA Banking Journal
ABA DataBank: New home sales decline 10.5% in July
The July reading of new home sales reflects affordability challenges, with mortgage rates reaching 6.66% at the end of July. The post ABA DataBank: New home sales decline 10.5% in July appeared first on ABA Banking Journal .
ABA Banking Journal
Consumer confidence slips in August
The Consumer Confidence Index was 89.4 in August, down from 90.2 in July, the Conference Board said. The post Consumer confidence slips in August appeared first on ABA Banking Journal .
ABA Banking Journal
Mortgage rates inch up
The rate for a 30-year fixed-rate mortgage was 6.66% this week. The rate for a 15-year fixed-rate mortgage was 5.98%. The post Mortgage rates inch up appeared first on ABA Banking Journal .