The 30-year fixed-rate mortgage averaged 6.35%, down from last week when it averaged 6.46%, Freddie Mac reported.
Wood Markets News
US Weekly Initial Jobless Claims Decline in the Week Ending August 24th
The advance figure for seasonally adjusted initial unemployment claims was 231,000, a decrease of 2,000 from the previous week’s revised level.
Canadian Payroll Employment and Job Vacancies Report for June
The number of employees receiving pay and benefits from their employer—measured as “payroll employment”—decreased by 47,300, or 0.3%, in June.
Roseburg Forest Products MDF Mill in Medford, OR, Sustains Fire Damage
The Medford Oregon Fire Department responded to a fire at the Roseburg Forest Products MDF mill in Medford, Oregon, The Wild Coast Compass reported.
US Single-Family Permit-To-Completion Time Has Increased by 3 Months Since 2015
The average completion time of a single-family house in 2023 was approximately 10.1 months, the Census Bureau and NAHB reported.
Mortgage Applications Inch Higher in the Week Ending August 23rd
Mortgage loan application volume increased 0.5% on a seasonally adjusted basis from one week earlier, MBA reported.
Wet Weather and Cooler Temperatures in BC Help Reduce Wildfires
About 280 blazes remain active across the province with 15%—or just over 40—of those fires classified as burning out of control, The Canadian Press reported.
Typical US Homebuyer’s Down Payment Hits Record High in June
The typical down payment for US homebuyers hit a record high of $67,500 in June, up 14.8% from $58,788 a year earlier, Redfin reported.
Timberlab Reveals Plans for Philomath, OR, Sawmill Recently Purchased From Interfor
The Philomath, Oregon, sawmill and planing mill formerly owned by Interfor that closed earlier this year will survive to see another day following its acquisition by Timberlab, Philomath News reported.
FHFA Home Price Index Declines 0.1% Month-Over-Month in June
The FHFA Home Price Index showed US house prices, seasonally adjusted, were down 0.1% month-over-month in June.