The 30-year fixed-rate mortgage averaged 7.10%, up from last week when it averaged 6.88%, Freddie Mac reported.
Wood Markets News
US Existing-Home Sales Decline Month-Over-Month and Year-Over-Year in March
US existing-home sales fell 4.3% month-over-month in March to a seasonally adjusted annual rate of 4.19 million, NAR reported.
The Conference Board US Leading Economic Index® Declines Unexpectedly in March
The Conference Board Leading Economic Index® (LEI) decreased 0.3% in March, following a 0.2% increase in February.
Western Australia Releases Forest Management Plan 2024–33 With Help to Alleviate End of Native Logging
Western Australia’s Forest Management Plan 2024–33 will be bolstered with a $67.2 million (AUD) investment over the next four years.
Delinquency Rates on Mortgages Backed by Office Properties Continue to Rise in Q1
Delinquency rates overall for mortgages backed by commercial properties were unchanged in Q1, the MBA reported.
US Weekly Jobless Claims Unchanged in the Week Ending April 13th
The advance figure for seasonally adjusted initial unemployment claims was 212,000, unchanged from the previous week’s revised level.
Western Forest Products Announces Indefinite Curtailment of Its Alberni Pacific Division
Western announced the indefinite curtailment of its sawmill in Port Alberni, BC. The mill has been temporarily curtailed since fall 2022.
US Median Monthly Housing Payment Reaches All-Time High
The median monthly housing payment hit an all-time high of $2,747 during the four-week period ending April 7th, Redfin reported.
Fannie Mae Home Price Index Moves Higher Quarter-Over-Quarter and Year-Over-Year in Q1
The Fannie Mae Home Price Index increased 7.4% year-over-year in Q1, up from 6.6% in 2023Q4.
Mortgage Applications Increase in the Week Ending April 12th
Mortgage loan application volume increased 3.3% on a seasonally adjusted basis from one week earlier, the MBA reported.