The number of loan modifications completed by Freddie Mac increased by nearly 15 percent from May to June according to the agency’s recently released Monthly Volume Summary.
Sales of existing homes remained at about the same levels as the previous two weeks according to the National Home Sales Snapshot released by DataQuick while home values edged slightly higher.
Interest rates for fixed mortgages were slightly higher this week while rates for adjustable rate mortgages were mixed according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending August 1st, 2013.
Applications for home purchases and refinances declined this week as mortgage interest rates showed little movement according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 26th, 2013.
Existing home sales fell for the first time in over four months according to the National Home Sales Snapshot released by DataQuick while home values rebounded from last week’s decline.