June decreased to 0.81% from May's 0.85%.
Sarah Wolak is a staff writer at NMP.
June decreased to 0.81% from May's 0.85%.
The increase to nearly $60 billion breaks a three-year-long streak of decline.
Confidence, sales and HMI points all plummeted during the month of July.
Redfin found that a record share of homebuyers are relocating as high prices and mortgage rates make affordable areas more attractive.
High mortgage rates are keeping homebuyers reluctant, leading to declining home sales and a build-up of supply.
ATTOM found 96% of major metro areas had an annual increase in foreclosure filings as the U.S. foreclosure levels spiked 219%.
In latest weekly survey, applications decreased 1.7% from one week earlier.
The 0.3% decrease indicates that lending standards are constricting.
The Mortgage Delinquency Rate dropped in April for the 13th straight month.
Nearly 15% of home purchase agreements fell through in June, hinting that buyers are taking more time to re-negotiate.