Washington D.C. Real Estate News
Washington D.C.
Pending Home Sales in U.S. Slow Mid-2021
National property broker Redfin is reporting that U.S. pending home sales climbed 7% during the four-week period ending September 12, 2021, the smallest year-over-year increase since June 2020.
Mortgage Applications Increase in Late August
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending August 20, 2021, Mortgage applications increased 1.6 percent from one week earlier.
Mortgage Loans in Forbearance Dips to 3.08 Percent
According to the Mortgage Bankers Association's latest Forbearance and Call Volume Survey, the total number of loans now in forbearance decreased by 15 basis points from 3.23% of servicers' portfolio volume in the prior week to 3.08% as of September 5, 2021. The MBA's estimate, 1.5 million homeowners are in forbearance plans.
Mortgage Credit Availability in U.S. Upticks in August
The Mortgage Bankers Association latest Mortgage Credit Availability Index (MCAI) revealed this week U.S. mortgage credit availability increased in August 2021.
Washington D.C. Property News
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