Existing Home Sales Sharply Higher
The annual rate of pre-owned home sales surged last month, reaching the highest level in more than a decade. The Northeast led the gain.
Mortgage Delinquency Sinks to 11-Year Low
The level of late payments on America's home loans retreated last month -- leaving performance metrics looking better than anytime in the last 11 years.
Mortgage Rates Sink, Unlikely to Fall Further
After falling to the lowest levels this year, fixed mortgage rates further retreated. The outlook for the next interest rate report is for no further declines.
Purchase Projection Pared, Refi Forecast Lifted
Home lending economists have improved their expectations for this year refinances. But the boost came at the expense of expected purchase financing.
Mortgage Closing Ratio Worse, Credit Tighter
Residential loans closed more quickly last month. But closing ratios deteriorated and credit conditions were more restrictive.
Home Purchase Financing Pulls Down Mortgage Apps
A slight increase in the number of people applying to refinance their mortgages wasn't enough to offset a decline in applications for a purchase-money loan.
Housing Permits, Completed Construction Increase
Multifamily activity drove up the rate of building permits last month, while one-unit properties lifted the rate of completed construction.
2 Solid Quarters of Home Purchase Financing Ahead
The current quarter and the following three months are likely to see solid production of loans to finance the acquisition of single-family properties.
Serious Mortgage Delinquency Up Again
Past-due payments on first mortgages rose last month for the fourth month in a row. Also deteriorating was the serious delinquency rate on second mortgages.