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Analysis and Data
Coming Up:
Housing Market Emerges From Pandemic's Delinquency Surge
Delinquency rate near-record-low trend; foreclosure starts remain below pre-pandemic levels.
Mortgage Rates Post 1st Dip In 3 Weeks
Freddie Mac survey finds the average rate for a 30-year mortgage slipped to 6.78%.
Existing-Home Sales In June Hit 5-Month Low
‘First-half of the year was a downer,’ as sales fell 23%.
New Home Purchase Mortgage Applications Jump 26% YOY
Applications, however, fell 5% from May, due in part to rising mortgage rates.
Home Sale Profits Rebound In Q2
Profit margins on typical sales nationwide increased after 3 quarterly declines.
First American: Existing-Home Sales May Have Hit Bottom
Potential Home Sales Model suggests sales pace will begin to settle into a new normal.
Housing Starts Plunged 8% In June
Decline a surprise following report of growth in builder confidence.
Mortgage Applications Rise For 4th Straight Week
A decline in mortgage rates mostly boosted refinance applications.
Despite Recession Fears, Forbearance Rates Drop In June
A resilient labor market drove forbearance rates lower, the MBA says.
Homebuilder Confidence In July Highest Since June 2022
NAHB/Wells Fargo index increases for 7th straight month.