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According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending July 2nd , 2021, the Market Composite Index , a measure of mortgage loan application volume decreased -1.8% percent on a seasonally adjusted basis from one week earlier.

The latest Mortgage Banker Association’s (MBA) Forbearance and Call Survey reports that the total number of loans now in forbearance decreased by 4 basis points from 3.91% of servicers’ portfolio volume in the prior week to 3.87% as of June 27, 2021.

According to the latest Nanos Research Group polling, conducted on behalf of Bloomberg News, Canadian consumer sentiment reached a new record high in the week ending July 2nd, 2021. The Bloomberg Nanos Canadian Confidence Index jumped to 66.4 last week, the highest reading since surveys began in 2008.

The Consumer Financial Protection Bureau (CFPB) a Federal Government Agency, has just finalized amendments to reinforce the ongoing economic recovery as the federal foreclosure moratoria are phased out. The amendments will also help protect mortgage borrowers from unwelcome surprises as the exit forbearance plans.

Realtor.com is reporting in their Monthly Housing Report for June 2021, that new listings showed signs of a comeback , as home prices broke a new record for the fifth months in a row at $ 385.000.

Statistics Canada (StatCan) is reporting that following four consecutive months of reaching new highs, the total value of building permits dropped a record $1.6 billion (C$) or -14.8% to $9.5 billion in May.

Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending July 1st 2021. The PMMS reports that 30-year fixed-rate mortgage averaged 2.98% with an average 0.6 point, down from last week when it averaged 3.02%.

The U.S. Bureau of Labor Statistics (BLS) reported today, Friday, July 2nd, 2021, that Total nonfarm payroll employment rose by 850,000 in June, following increases in May of 583,000 and 269,000 in April.

A deeper dive into the U.S. Census Bureau Construction Spending data, for May, with further analysis provided by the National Association of Home Builders (NAHB) reveals that that total private residential construction spending rose 0.2% in May to a seasonally adjusted annual rate of $751.7 billion.

According to the latest released Job-Cut Report from Challenger, Gray & Christmas (CG&C), Inc., U.S. based companies announced planned job cuts announced by U.S.-based employers fell 16.7% in June to 20,476 from the 24,586 announced in May.