Application for home mortgages continued to decline last week as mortgage interest rates climbed even higher last week according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 5th, 2013.
The number of proprietary loan modifications fell in April according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors while foreclosure sales posted an increase for the second consecutive month.
Sales of existing homes over the past thirty days continued their seasonal upward momentum with over 4,700 additional transactions reported last week than the week before according to the National Home Sales Snapshot released by DataQuick.
Interest rates on fixed rate mortgages eased this week following last weeks largest interest rate jump in 26 years according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending July 3rd, 2013.
Mortgage applications tumbled last week as mortgage rates approached two year highs according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 28th, 2013.