Mortgage Applications Rise 26.8% as Refinancing Surges on Lower Rates

Lower long term interest rates in the U.S. have seen refinancing take off, Mortgage applications jumped to their highest level since September 2016. Refinancing activity the highest since November 2016 accounted for 49.8% of mortgage applications

KB Homes Earnings Riding Consumer Confidence and Housing Market Higher

KB Homes followed fellow homebuilder Lennar $LEN with soaring revenue in Q2 earnings from the steady U.S. housing recovery. $KBH is benefitting from higher selling prices and increased consumer confidence. The stock rose 4% after the release.

Housing Market Update, KB Home Earnings, Mortgages and Home Sales

After a series of weak housing data we get a chance to gage if this is just a breather or we are in for a more servere housing pullback. Ahead are earnings from KB Home $KBH, mortgage applications, house Prices, existing home sales and new home sales.