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.
News in end use
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.
US Personal Income and Outlays for November
Personal income increased 0.3% at a monthly rate in November; disposable personal income increased 0.3%; and personal consumption expenditures 0.4%.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for December
The University of Michigan Index of Consumer Sentiment increased 3.1% to a reading of 74.0 in December, up from 71.8 in November.
US Commercial and Multifamily Mortgage Debt Outstanding Increases 1.0% in Q3
In Q3, the level of commercial/multifamily mortgage debt outstanding increased 1.0%, or $47.7 billion, MBA reported.
Canadian Payroll Employment and Job Vacancies Decline in October
Payroll employment declined by 21,100 (0.1%) in October, following minimal changes in September and August. However, year-over-year, payroll employment increased by 125,800 (0.7%).
US Existing-Home Sales Increase 4.8% in November
Total existing-home sales increased 4.8% in November, reaching a seasonally adjusted annual rate of 4.15 million, NAR reported.
US Real GDP Increases at an Annual Rate of 3.1% in Q3, BEA Reports in Its “Third” Estimate
Real GDP increased at an annual rate of 3.1% in Q3, an upward revision from 2.8% growth reported in the “second” estimate issued last month.