Homebuyer Optimism Increases in July
Housing sentiment inched up as Fannie Mae’s index rose to 71.8. Job loss fears fell, home price and mortgage rate outlooks improved, but buying conditions declined.
Mortgage Rates at Lowest Level in Months
Rates on 30-year mortgages fell to 6.63%, the lowest since April, from 6.72% last week, while 15-year rates dropped to 5.75% from 5.85%.
Hurricane Forecasts Hold Steady
Experts still expect a busier-than-usual hurricane season, though they're less certain about the outlook. Warm ocean waters could lead to more storms ahead.