A couple of reports from earlier this morning: • The Chicago Fed released the national activity index (a composite index of other indicators): Economic Activity Increased in November Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.10 in November from –0.64 in October. Two of the four...
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Freddie Mac reported earlier today: Mortgage Rates Near Record Lows As Home Construction Builds Up Steam Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates edging slightly lower with the 30-year fixed averaging 3.37 percent, just above its all-time record low of 3.36 percent, and the...
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From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey The Refinance Index decreased 2 percent from the previous week. The seasonally adjusted Purchase Index increased 2 percent from one week earlier. “Refinance applications declined somewhat last week although volume is still near three-year highs, and purchase applications increased to the highest level...
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First, from the Financial Times on “open-ended QE”: Bleak jobs outlook raises heat on Fed In an interview with the Financial Times, forecast that unless “further action” was taken, there would be a lack of progress in boosting the jobs market … He added that there would also...
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This was released earlier this morning by RealtyTrac: U.S. Foreclosure Activity Shifts Eastward in April RealtyTrac® … today released its U.S. Foreclosure Market Report™ for April 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 188,780 U.S. properties in April, the lowest monthly total since July...
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Form the MBA: Refinance Applications Up, Purchase Applications Down in Latest MBA Weekly Survey The Refinance Index increased 13.5 percent from the previous week. The seasonally adjusted Purchase Index decreased 11.2 percent from one week earlier. … The refinance share of mortgage activity increased to 75.2 percent of total applications from 70.5 percent the...
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From RealtyTrac: Q1 2012 Foreclosure Activity Lowest Since Q4 2007 RealtyTrac … today released its U.S. Foreclosure Market Report™ for the first quarter of 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 572,928 properties during the quarter, down 2 percent from the previous quarter and...
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Mortgage applications rose 4% this past week as home refinancing activity grew and interest rates dropped. For the week ending April 29, the MBA's market composite index – a measure of mortgage loan application volume – grew 4% on a seasonally adjusted basis, while the refinance index increased 6%. The four-week moving average for...
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Note: This is based on information collected on or before October 8, 2010. From the Federal Reserve: Beige book Reports from the twelve Federal Reserve Districts suggest that, on balance, national economic activity continued to rise, albeit at a modest pace, during the reporting period from September to early October. … Manufacturing activity continued...
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The MBA reports: Mortgage Refinance Applications Continue to Increase as Rates Decrease The Refinance Index increased 5.7 percent from the previous week and is at its highest level since May 1, 2009. The seasonally adjusted Purchase Index increased 0.6 percent from one week earlier.…“The volume of refi applications last week was up 26% over...
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