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The headstrong supply and demand imbalances in much of the United States slightly tempered the pace of sales and caused home prices to maintain their robust growth in the second quarter of 2017.
The Market Composite Index, a measure of mortgage loan application volume, increased 3.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3 percent compared with the previous week.
According to Freddie Mac's latest Primary Mortgage Market Survey for early August 2017, the 30-year fixed mortgage rate dropped to its lowest point in six weeks. After holding relatively flat last week, the 10-year Treasury yield fell 4 basis points this week.
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released this week, rising U.S. home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017.
The average U.S. mortgage rate did not deviating from the previous week. The 10-year Treasury yield was relatively flat this week, as was the 30-year mortgage rate which rose 1 basis point to 3.93 percent.
According to the National Association of Realtors, after declining for three straight months, U.S. pending home sales reversed course in June 2017 as all major regions, except for the Midwest, saw an increase in contract activity.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate dropped for the second consecutive week in late July 2017.
According to the National Association of Realtors, existing-home sales slipped in June 2017 as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity. Only the Midwest saw an increase in sales last month.
The National Association of Home Builders is reporting that the NAHB's Remodeling Market Index (RMI) posted a reading of 55 in the second quarter of 2017, down three points from the first quarter of 2017.
Local Realtors continue to gain confidence in the Southern Nevada housing market, with more than nine out of 10 expecting local home prices to keep going up in the next year.
Historical MCAI values were revised this month due to the availability of additional data on certain types of conventional loan programs.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate rose across the board for the second consecutive week in Mid-July. 30-year mortgage rate has cleared the psychologically important 4 percent mark for the first time since May.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 30, 2017, U.S. mortgage applications increased 1.4 percent from one week earlier.
Over €770 million of Irish property was traded in the first 6 months of 2017. Although this is down from H1 2016, last year was an exceptional year.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 23, 2017, mortgage applications in U.S. decreased 6.2 percent from one week earlier.
Newly released data shows sales of newly built, single-family homes in May 2017 rose 2.9 percent to a seasonally adjusted annual rate of 610,000 units after an upwardly revised April reading.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 16, 2017, mortgage applications in the U.S. increased 0.6 percent from one week earlier.
According to the National Association of Realtors, existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high.
According to the Mortgage Bankers Association, U.S. mortgage credit availability decreased in May 2017. The Mortgage Credit Availability Index (MCAI) decreased 1.1 percent to 181.0 in May.
Mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month.