Quantitative easing was good for fixed rate mortgages this week as the Federal Reserve’s bond buying program pushed interest rates substantially lower this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending September 26th, 2013.
More Americans applied for home loans last week as mortgage interest rates tumbled following the Federal Reserve’s decision to maintain current monetary policy according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 20th, 2013.
Housing starts posted a modest increase in August as a strong showing in new single-family home construction was countered by a decline in multi-family construction according to the latest data released by the Census Bureau.
Sales of existing homes over the previous thirty-day rolling period fell by over 9,500 transactions according to the National Home Sales Snapshot released by DataQuick while home values fell for the fourth time in five weeks.
Mortgage interest rates dipped slightly last week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending September 19th, 2013.