Sellers make improvements in hopes of getting a higher price, while recent buyers renovate what they don’t like in their new homes.
Treasury prices dipped Friday in light trading ahead of the holiday weekend.
Fixed mortgage rates hit the lowest point of the year for the third straight week.
Fixed mortgage rates fell this week to the lowest point of the year, offering incentive for homeowners to save money by refinancing their loans.
Mortgage rates have hit lows for the year and could soon near the decades-low levels of last year.
The rate on the 30-year mortgage fell last week, staying below 5 percent. But low rates have done little to lift the struggling housing market.
U.S. government bond prices inched up Tuesday, a day after Standard & Poor's released a warning that it could downgrade U.S. debt in the next...
The rate on the 30-year fixed mortgage rose for the fourth straight week, but still remains below 5 percent.
Treasury prices edged up Friday after a government report on hiring remained within investor expectations.
Fixed mortgage rates rose slightly this week, but the average rate on the 30-year loan remained below 5 percent.