The MBA Mortgage Credit Availability Index held steady at 102.9 in April.
News in end use
Canadian Employment and Unemployment Data for April
Employment was little changed, with 7,400 jobs added. The unemployment rate rose to 6.9%, up 0.2 percentage points from March.
Median US Monthly Housing Payment Hits Another Record High
During the four-week period ending May 4, the median US monthly housing payment hit an all-time high of $2,868, Redfin reported.
US 30-Year Mortgage Rate Unchanged in the Week Ending May 8
The 30-year fixed-rate mortgage averaged 6.76%, unchanged from last week, Freddie Mac reported.
US Multifamily Developer Sentiment Declines in Q1
Multifamily developers started Q1 in a cautious state of mind, NAHB reported.
US Weekly Initial Jobless Claims Decline in the Week Ending May 3
The advance figure for seasonally adjusted initial unemployment claims was 228,000, a decrease of 13,000 from the previous week’s unrevised total.
Fannie Mae Home Purchase Sentiment Index Rises in April
The Fannie Mae Home Purchase Sentiment Index increased 1.1 points to a reading of 69.2 in April.
Federal Reserve Holds Interest Rates Steady
The US Federal Reserve decided to hold its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact, CNBC reported.
Mortgage Applications Climb in the Week Ending May 2
Mortgage loan application volume increased 11.0% on a seasonally adjusted basis from one week earlier, MBA reported.
US New-Home Prices Fall in Q1 While Existing-Home Prices Rise
The median price for a new single-family home sold in Q1 was $416,900, according to the Census Bureau, NAR, and NAHB.