Analysis and Data
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.
Purchase demand fell below pre-pandemic levels last month, Black Knight says.
Indicators of homebuyer activity ,such as online searches, requests for tours and agents’ help and mortgage applications, rose as mortgage rates fell below 5%.