The number of completed loan modification by Fannie Mae fell slightly from May to June, but overall, completions are on pace to match last year’s tally according to the agency’s Monthly Summary report for June 2013.
Existing home sales dipped slightly last week but remained at about the same levels as the previous three weeks according to the National Home Sales Snapshot released by DataQuick while home values improved slightly.
Mortgage interest rates showed little movement this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending August 8th, 2013.
Mortgage applications remained at about the same levels as the previous week while mortgage interest rates also showed little movement according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 2nd, 2013.
Rising interest rates and a lack of housing inventory contributed to a decline in signed housing contracts according to the National Association of Realtors® (NAR) Pending Home Sales Index (PHSI).