Little Change In Mortgage Rates - February 20, 2020

The low mortgage rate environment continues to spur homebuying activity, with applications to purchase a home up 15% from a year ago.  We have seen new residential construction surge over the last few months, on pace to reach the highest level in more than a decade.  This is a good sign for the inventory-starved housing market and is a promising indication for the spring homebuying season.