Interest rates on fixed rate mortgages continued to move lower this according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending October 3rd, 2013.
Falling mortgage interest rates led to a boost in refinance applications last week while the fading summer selling season resulted in fewer purchase applications according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 27th, 2013.
Completed loan modifications by Freddie Mac were nearly thirteen percent higher in August than in July according to the agency’s recently released Monthly Volume Summary.
New single-family home sales rebounded somewhat in August, gaining back a little over half of what was lost in July’s surprise drop according to the latest housing data released by the Census Bureau.
Existing home sales slumped for a second consecutive week signaling that the traditional summer to autumn sales transition has finally arrived according to the National Home Sales Snapshot released by DataQuick.