US house prices rose 0.4% in October, according to the FHFA’s seasonally adjusted House Price Index. Year-over-year, prices increased 4.5%.
News in end use
US Mortgage Applications Drop During The Two-Week Period Ending December 27
Mortgage loan application volume declined 21.9% on a seasonally adjusted basis from two weeks earlier, MBA reported.
US Mortgage Rates Increase in the Week Ending January 2
The 30-year fixed-rate mortgage averaged 6.91%, up from last week when it averaged 6.85%, Freddie Mac reported.
US Weekly Initial Jobless Claims Decline in the Week Ending December 28
The advance figure for seasonally adjusted initial unemployment claims was 211,000, a decrease of 9,000 from the previous week’s revised level.
US Housing Supply Hits Four-Year High in November
Redfin reported that active listings—the total number of homes for sale—reached their highest level since 2020 in November.
US New Residential Single-Family Home Sales Climb 5.9% in November
New residential single-family home sales for November were at a seasonally adjusted annual rate of 664,000, 5.9% above the revised October rate.
US Mortgage Loans in Forbearance Increase for Sixth Consecutive Month in November
As of November 30, the total number of loans in forbearance increased 0.50%, with an estimated 250,000 homeowners in a forbearance plan, MBA reported.
US Mortgage Rates Increase in the Week Ending December 26
The 30-year fixed-rate mortgage averaged 6.85%, up from last week when it averaged 6.72%, Freddie Mac reported.
US Weekly Initial Jobless Claims Drift Lower in the Week Ending December 21
The advance figure for seasonally adjusted initial unemployment claims was 219,000, a decrease of 1,000 from the previous week’s unrevised level.
New Existing-Home Listings Reach Highest Level Since June
New listings of homes increased 7.6% in the four-week period ending December 15th, Redfin reported.