Analysis and Data
The New York Federal Reserve Bank says Americans now hold more than $11 trillion in mortgage debt
While new listings dropped 12%, overall housing supply is growing, giving buyers more choices.
NAR report says housing affordability tumbled dramatically in the second quarter.
Consumer Price Index also was unchanged in July from June.
Applications increased .02%
Curinos’ latest ‘Mortgage Hot Topics’ data, released on August 4, revealed that funded volume in the retail channel was down 57%.
Drop driven by lenders streamlining offerings; jumbo credit drops 13.4%.
Attom reports 4% decrease in July, but a 143% jump from a year ago.
Realtor.com says home shoppers had more actively listed options year over year for the third straight month.
Fannie Mae Home Purchase Sentiment Index falls to its lowest level since 2011.