According to Black Knight, a mortgage data research firm, mortgage forbearances rose this week, after three consecutive weeks of declines.
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FEA’s Weekly Order Survey Results Showing Show Steady to Strong Sales
Dealers are reporting another week of steady to strong sales. Some dealers are anticipating that their sales might be a bit slower next week, as builders take a few days off to celebrate the 4th of July holiday.
Weekly Jobless Claims Modestly Decline in Week Ending June 20th
The U.S. Department of Labor is reporting that an additional 1.48 million Americans made their initial filing for unemployment benefits during the week ending on Saturday June 20th.
Mortgage Rates Hold Steady for Week Ending June 25th
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending June 25th, 2020. The PMMS shows that 30-year fixed-mortgage rate averaged 3.13% with an average 0.8 point, unchanged from last week.
The Number of Builders Offering Discounts to Increase Sales Dropped 7% in May
A deeper dive into the NAHB/Wells Fargo Housing Market Index report shows that as the COVID-19 stay-in-place orders began to be lifted in May and June, that housing data almost immediately began to rebound.
Mortgages Loans in Forbearance Drops for First Time Since March
According to the latestMBA Forbearance and Call volume survey, the total number of loans now in forbearance decreased from 8.55% of servicers’ portfolio volume in the prior week to 8.48% as of June 14, 2020.
Mortgage Applications Slide Lower in Week Ending June 19th 2020
According to data from the MBA Weekly Mortgage Application Survey, for the week ending June 19th, 2020, the Market Composite Index decreased -8.7% on a seasonally adjusted basis from one week earlier.
U.S. Home Prices Increase 0.2% in April 2020
The Federal Housing Finance Agency (FHFA), Home Price Index (HPI) reports that U.S. house prices rose in April, 0.2% from the previous month.
Canadian Confidence Index Continues to Rise
The Bloomberg Nanos Canadian Confidence Index, a weekly composite measure of financial health and economic expectations, jumped to 45.4 last week from 42.9 a week earlier.
U.S. Mortgage Delinquency Rates Jump in May
As Americans struggled to pay their bills in May, the result of the ongoing COVID-19 pandemic, U.S. mortgage delinquency rates rose to 7.76%.