The United States mortgage rates have gone down in the past despite rising demand for home loans. Mortgage rates are at a historic low of 2.69 pct for a 15-year fixed rate loan, the lowest since the WWII. Mortgage applications for new home purchases have risen by 80 pct over the past five quarters, a 64 pct annualized rate of growth.
"Unless the lion’s share of them is being rejected, the outlook for sales and starts has to be good," DBS said in a research note.
New home sales have been trending north at a 12 pct annualized pace but in a stop-start fashion. Further, this trend is also being noticed for housing starts, which is due today.
Markets expect only a 3 pct rise in April, which wouldn’t offset much of the 8 pct drop in March. Mortgage applications reveal that markets are too conservative.


Colorado takes a new – and likely more effective – approach to the housing crisis
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline
A ‘sponge city’ may be your home in 2050
Sharehousing can be fun, but fraught with risk – and the law offers little protection. These 3 changes could help
How a hybrid heating system could lower your bills and shrink your carbon footprint
Debunking myths about community housing: What governments and the public should know
Gold Prices Mixed as Stronger Dollar Offsets Safe-Haven Demand Amid U.S.-Iran Peace Talks
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks
From NIMBY to YIMBY: How localized real estate investment trusts can help address Canada’s housing crisis 



