Average interest rates on fixed-rate mortgages were down slightly this week after jumping the week before according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 12th, 2013.
Applications for mortgage loans increased during the first week of December according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 6th, 2013.
New single-family home sales surprised in October, jumping to the same levels seen during the spring/summer selling season according to the latest housing data released by the Census Bureau.
The number of loan modifications completed by Freddie Mac was on the rise in October as the percentage of loans refinanced for homeowner relief purposes rolled past forty percent according to the agency’s recently released Monthly Volume Summary.
Existing home sales continued to slump last week according to the National Home Sales Snapshot released by DataQuick, while home prices jumped back up to the same levels they were at four weeks ago.