July 28, 2011 (Chris Moore) The Pending Home Sales Index (PHSI) increased by 2.4 percent to 90.9 in June according to the National Association of Realtors (NAR). This was the second consecutive month the PHSI has increased and puts the Index back near the levels seen in March before a huge 11.6 percent drop in [...]
July 28, 2011 (Shirley Allen) Treasury yields bounced back this week, but remained under three percent, and weak housing and economic data left mortgage rates virtually unchanged from the previous week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS). […]
July 28, 2011 (Chris Moore) Foreclosure rates decreased on a year-over-year basis in the first half of 2011 according to RealtyTrac’s Midyear 2011 Metropolitan Foreclosure Market Report with 84 percent of the metropolitan areas posting improved foreclosure rates. […]
July 28, 2011 (Shirley Allen) Mortgage loan applications to the Federal Housing Administration (FHA) were 22 percent lower in June than they were a year ago due to a nearly 50 percent drop in refinance applications according to the agency’s Single-Family Outlook report. […]
July 28, 2011 (Chris Moore) The Department of Veterans Affairs (VA) has launched a new program to provide financial assistance and support services to help bring an end to Veteran homelessness and to promote housing stability for at-risk Veteran families to prevent them from becoming homeless. […]
July 27, 2011 (Jeff Alan) Mortgage interest rates declined from 4.92 percent in May to 4.79 percent in June according to the Federal Housing Finance Agency’s (FHFA) Monthly Interest Rate Survey of purchase-money mortgages. […]
July 27, 2011 (Shirley Allen) According to the data collected on July 26, 2011, for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders were 4.74 percent (5.01% APR) for 30-year fixed mortgages, which is down from 4.77 percent reported the previous week, 3.89 percent (4.33% APR) for 15-year fixed mortgages, [...]
July 27, 2011 (Chris Moore) The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending July 22, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 5.0 percent as both purchase applications and refinance applications lost momentum from the previous week. […]
July 27, 2011 (Jeff Alan) Freddie Mac has completed 66,207 loan modifications, an average of 11,305 per month, in the first half of 2011 according to the recently released Monthly Volume Summary for June 2011. The government sponsored enterprise (GSE) completed 10,809 loan modifications in June, up from 8,891 in May. […]
