Mortgage interest rates continued the upward trend that started in late October/early November according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending January 2nd, 2014.
More homeowners received HAMP loan modifications in October but a larger decrease in proprietary loan modifications lead to an overall decline according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.
Sales of existing homes continued to slide last week according to the National Home Sales Snapshot released by DataQuick while home values posted a slight increase.
Interest rates for home mortgages were mostly higher this week, but only slightly according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 26th, 2013.
Mortgage application volume continued to decline last week according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 20th, 2013.