Washington D.C. Real Estate News
Washington D.C.
New Home Mortgage Applications in U.S. Dip 5.9 Percent in May
The Mortgage Bankers Association's latest Builder Application Survey data for May 2021 shows mortgage applications for new home purchases decreased 5.9 percent compared from a year ago. Compared to April 2021, applications decreased by 9 percent. This change does not include any adjustment for typical seasonal patterns.
Single Family Starts in U.S. Uptick in May
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 3.6 percent in May 2021 to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading.
Mortgage Applications Increase in Mid-June
New data from the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending June 11th has revealed U.S. mortgage applications increased 4.2 percent from one week earlier.
Share of U.S. Mortgage Loans in Forbearance Dips to 4.04 Percent
According to the Mortgage Bankers Association's latest Forbearance and Call Volume Survey, the total number of U.S. loans now in forbearance decreased by 12 basis points from 4.16% of servicers' portfolio volume in the prior week to 4.04% as of June 6, 2021.
