The number of homes actively for sale grew by 35.8% year-over-year in August, according to data from Realtor.com. August marked the 10th consecutive month of inventory growth. For August, active listings grew by 46% in the South, 35.7% in the West, 23.8% in the...
Pending sales of condominiums were down by 5.5% year-over-year last month, according to new data from Redfin (NASDAQ: RDFN). This marked the lowest level for pending condo sales in any July on record. At the same time, the number of condos for sale rose 27.1% from one...
Mortgage application activity ended August on the rise, according to data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 30. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1.6% on a seasonally...
The national median payment applied for by purchase applicants during July was $2,140, down from $2,167 in June, according to new data from the Mortgage Bankers Association (MBA). Year-over-year, the payment level is down by $22. The national median mortgage payment...
Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.35% as of Aug. 29, down from last week when it averaged 6.46%. A year ago at this time, it averaged...
Fannie Mae Updates Desktop Underwriter to Flag Loan Issues Earlier
