Trends

Average mortgage rates were on the rise after several weeks in decline, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending April 26
Average mortgage rates were on the rise after several weeks in decline, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending April 26.   The 30-year fixed-rate mortgage (FRM) averaged 4.03 percent, up from last week when it averaged 3.97 percent. The 15-year FRM this... Keep Reading....
The first mortgage default rate increased by a scant one basis point from February to March
The first mortgage default rate increased by a scant one basis point from February to March, according to the latest S&P/Experian Consumer Credit Default Indices data. However, the 0.75 percent level reached in March took the first mortgage default rate to a one-year high.   The second mortgage... more
U.S. institutional investors plan to reduce their new capital commitments to real estate by an average of 19 percent this year
U.S. institutional investors plan to reduce their new capital commitments to real estate by an average of 19 percent this year, according to an annual investor survey conducted by Institutional Real Estate Inc. and Kingsley Associates.   The newly released the 2017 Institutional Investors Real... more
Builder confidence in the market for newly-built single-family homes took a dip
Builder confidence in the market for newly-built single-family homes took a dip, falling three points to a level of 68 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) after reaching a 12-year high in March.   All three HMI components dropped from March to... more
http://www.remax.com/newsroom/press-releases/april-2017-remax-national-housing-report.htm?view_id=EF24285DE9D23D5A&dist_id=D7736C3DE455BB3A
Home sales in March saw a 6.6 percent higher year-over-year, according to new data from RE/MAX. Of the 53 metro areas tracked by the company last month, 38 experienced an increase in sales year-over-year, with 16 experiencing double-digit increases.   But while sales continued to climb, inventory... more