Analysis and Data
Both Mortgage & Refinance Applications Fall In Weekly Survey
Fannie Mae's Home Purchase Sentiment Index was mostly unchanged in August 2021, however, buyers are becoming a bit more optimistic about homebuying conditions.
CoreLogic reported a 12-month rise in the U.S. Home Price Index, reaching an all-time high of 18% at a national level.
U.S. Economy Added Just 235,000 Jobs After Two-Month Surge
Today, Freddie Mac released the results of its Primary Mortgage Market Survey.
Sellers are beginning to compete for buyers as inventory and new listings continue to improve in August.
Redfin reported a 9% growth in pending home sales since June 2020.
The spread of COVID-19’s delta variant has everyone worried, but the impact will only delay growth prospects instead of diminishing them.
The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals.
Although 88% of consumers would rather own a home than rent, nearly half of those who rent fear they will never be able to afford a home.