Delinquency rates for US commercial property mortgages declined in Q3, MBA reported.
News in end use
Fannie Mae ESR Group Releases October Economic and Housing Outlook
Fannie Mae’s ESR Group raised its GDP and home sales outlooks for 2025, projecting 1.9% growth and 4.74 million sales, while trimming its inflation forecast.
US Consumer Price Index Rises 3.0% in September
The Consumer Price Index for All Urban Consumers rose 0.3% in September and 3.0% over the past 12 months.
University of Michigan Releases Final Results of Its Consumer Sentiment Index for October
The Index of Consumer Sentiment fell to 53.6 in October, down 2.7% from September and down 24.0% from a year ago.
US Mortgage Rates Fall to Lowest Level in Over a Year
The 30-year fixed-rate mortgage averaged 6.19%, down from 6.27% the previous week and the lowest level in more than a year, Freddie Mac reported.
US Existing-Home Sales Rise in September
Existing-home sales rose 1.5% in September to 4.06 million units (SAAR), up 4.1% from a year earlier, NAR reported.
US Mortgage Applications Fall in the Week Ending October 17
Mortgage loan application volume fell 0.3% in the week ending October 17, marking the fourth straight weekly decline, MBA reported.
US Homebuyers See Largest Fall Discounts Since 2019
Redfin reported that only 25.3% of US homes sold above list in September, the lowest in six years.
US Rent Growth Slows as Landlord Concessions Rise
Zillow reported that US rent growth slowed to 1.7% year-over-year in September as new supply and record concessions improved affordability.
Canadian Consumer Price Index Rises 2.4% Year-Over-Year in September
Canada’s CPI rose 2.4% year-over-year in September, up from 1.9% in August, as higher food and rent prices offset declines in travel tour costs.