Mortgage interest rates declined slightly this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending July 25th, 2013.
Mortgage interest rates fell for a second consecutive week but it still wasn’t enough to perk up mortgage activity as applications still suffered a modest decline according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 19th, 2013.
More homeowners jumped into the housing market in June as the number of homes available for purchase continued to expand despite the busiest spring/summer selling season in four years according to the latest housing data of 146 metro areas released by Realtor.com.
Housing starts slumped in June as a large drop in multi-family construction overshadowed a modest decline in single-family construction according to the latest data released by the Census Bureau.
Sales of existing homes continued to push higher last week though at about half the pace of the previous week’s increase according to the National Home Sales Snapshot released by DataQuick while home values suffered their first decline since March.