Existing Home Sales Drop on Inventory Shortage
The sale of pre-owned homes weakened last month and were down on a year-over-year basis for the second month in a row. Inventory shortages were blamed.
Mortgage Rates Climb to 7-Year High, Could Fall
Although interest rates on single-family loans jumped to the highest level in seven years, one short-term forecast has them retreating in the upcoming week. But long-term forecasts call for further escalation.
Refis Push Up 2018 Mortgage Lending Outlook
A reduction in forecasted purchase financing this year was more than offset by an increase in expected refinances. But next year's boosted refinance outlook wasn't enough to cover the purchase cuts.
West Drives Down U.S. New Home Sales
New home sales declined last month even though volume was only down in the West. But experts still see strength in the market.
Negative Mortgage Delinquency Trend Reversed
A seven-month run for year-over-year increases in mortgage delinquency came to an end last month as the number of loans in active foreclosure was the lowest in more than a decade.
Refi App Volume Near Lowest of Millennium
As mortgage applications retreated this past week, refinance business slowed to the lowest level since nearly the turn of the century. Veterans share was the thinnest since at least last year.
Mortgage Bankers See Continued Growth in Purchases
CMBS Delinquency Increases
Despite industry-wide expectations of ongoing declines in refinance production, U.S. mortgage bankers see continued expansion ahead for the origination of loans to finance home purchases.
Late payments on securitized commercial real estate loans worsened last month. Deterioration was driven by loans securitized five-to-seven years ago.
Mortgage Rates Climb to 7-Yr High, To Rise Further
Long-term rates on residential loans climbed to the highest level in seven years. More of the same could be in store for the week ahead. Veterans loans had the lowest rates.