The nation’s mortgage lenders completed fewer loan modifications in December than in November according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors.
Existing homes sales continued its downward trend over the past week though at a slower pace according to the National Home Sales Snapshot released by DataQuick.
Interest rates for mortgage loans of all types moved higher this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending February 20th, 2014.
Applications for mortgage loans declined again last week with applications for home purchases falling to two and a half year lows according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 14th, 2014.
Prices of homes that were either sold or guaranteed by Freddie Mac or Fannie Mae increased slightly in November according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index (HPI).