April
Instant Reaction: Mortgage Rates, April 07, 2022
The 30-year fixed mortgage rate rose to 4.72% from 4.67% the previous week; mortgage rates have increased by 1.5 percentage points since the beginning of the year, hurting affordability. www.nar.realtor – Research
Freddie Mac Business Activity Slowed in April
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 13.2 percent in April compared to a 27.2 percent gain in March. The portfolio balance at the end of the period was $ 2.785 trillion compared to $ 2.927 trillion the prior month and $ 2.434 trillion a year […]
Existing Home Sales Post Third Monthly Loss in April
Existing home sales posted their third monthly loss in April, falling 2.7 percent compared to sales in March. The National Association of Realtors® (NAR) said seasonally adjusted sales of single-family homes, townhouses, condominiums, and cooperative apartments were at a rate of 5.85 million units compared to 6.01 million the prior month. The annual rate has […]
Weekly Retail Update: April 2, 2021
Significant job declines, health and safety issues, and government-mandated store closures created a whirlwind year for retail in 2020. www.nar.realtor – Research
Restaurant industry loses jobs for the first time since April as new restrictions hit employment
The restaurant industry lost jobs for the first time since April as new restrictions to fight the coronavirus pandemic weighed on sales….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Forbearances at Their Lowest Level Since April, But There’s a Catch
Another round of expirations reduced the number of active forbearance plans last week. Black Knight said the number of homeowners in COVID-19 related plans fell by 137,000 during the week, after a slight uptick the week before. The 5.0 percent improvement was about what was expected for the first week of the month. At the […]