Low Mortgage Rates Likely to Stay Down
Interest rates on home loans sank on uncertainty created by the British vote to exit the European Union and are likely to remain low in the next report.
Pending Home Sales Fall But Still High
Despite the first-year-over-year reduction in almost two years, pending U.S. home sales still came in at the second-highest level during the past 12 months.
Fannie Reports Strong Month
Residential loan performance improved at Fannie Mae, while new secondary activity was better than it's been in nearly a year.
New Business, Delinquency Better at Freddie
In addition to driving new business to a 10-month high, delinquency at the Federal Home Loan Mortgage Corp. was the lowest since 2008.
Mortgage Balances to Grow as Lending, Lates Fall
Over the next year, mortgages outstanding are expected to increase even as lending and delinquency fall -- with the Mid-Atlantic faring best.
Home Prices Continue to Ascend, Northwest Leads
House prices moved higher last month, with cities in the Northwest seeing the biggest gains and several areas reaching new highs.
Refinances to Drop as Purchases, Gov Share Rise
Mortgage Rates Creep Up, Could Ascend Further
While refinance volume and share are expected to diminish between this year and 2017, government share and purchases are predicted to rise.
Mortgage rates ascended during the past week, are still rising and are likely to be worse in next week's report. But bad news out of Europe could change that outcome.
Slowing New Home Sales Led by Northeast
With the Northeast leading the way, sales of new houses turned lower last month. The new home inventory is at the highest level in nearly seven years.