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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Earlier the NAR released the existing home sales data for June; here are a couple more graphs … The first graph shows the year-over-year (YoY) change in reported existing home inventory and months-of-supply. Inventory is not seasonally adjusted, so it really helps to look at the YoY change. Click on graph for larger image...
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