Mortgage Refinancing at Three Year High as Rates Slide Down

Viewing 14 posts - 1 through 14 (of 14 total)
  • Author
    Posts
  • #21619
    Helmholtz Watson
    Participant

    US MBA mortgage applications for the week ending…

    [article]1681[/article]

    #21629
    TradersCom
    Keymaster

    US August NAHB housing market index 66 v 65 Prior

    National Association of Home Builders:

    Prospective buyers 50 vs 48
    Current single-family home sales 73 vs 71
    Index of home sales over the next six months 70 vs 71

    #21653
    TradersCom
    Keymaster

    [color=red][size=5][b]US July housing starts Down 4.0% to 1194K vs 1256K expected
    Prior 1253K (revised to 1241K)[/b][/size][/color]

    Multi-family homebuilding plunged 16.2 percent
    Construction of single-family housing units increased 1.3 percent.

    That was the third consecutive month of decline in housing starts, likely disrupted by Tropical Storm Barry.

    Housing Starts in the United States averaged 1429.78 Thousand units from 1959 until 2019, reaching an all time high of 2494 Thousand units in January of 1972 and a record low of 478 Thousand units in April of 2009.

    #21654
    TradersCom
    Keymaster

    [color=green][size=5][b]
    Building permits Up 8.4% 1336K v 1270K expected
    Permits for June revised to 1,232 k rom 1,220k.[/b][/size][/color]

    Strongest gain in building permits since June 2017, as authorizations for the volatile multi-family housing segment jumped 21.8 percent to 498 thousand and single-family permits rose 1.8 percent to 838 thousand.

    Across regions, permits went up in the West (13.7 percent to 365 thousand); the South (10.7 percent to 685 thousand), but declined in the Midwest (-1.2 percent to 169 thousand) and the Northeast (-3.3 percent to 117 thousand).

    Building Permits in the United States averaged 1355.21 Thousand from 1960 until 2019, reaching an all time high of 2419 Thousand in December of 1972 and a record low of 513 Thousand in March of 2009.

    #21691
    Helmholtz Watson
    Participant

    US MBA mortgage applications w.e.16 August -0.9% vs +21.7% prior

    Latest data from Mortgage Bankers Association for the week ending 16 August 2019

    Purchase index 243.8 vs 252.6 prior
    Market index 614.6 vs 620.4 prior
    Refinancing index 2,754.7 vs 2,742.9 prior
    30-year mortgage rate 3.90% vs 3.93% prior

    #21692
    Helmholtz Watson
    Participant

    US July existing home sales +2.5% 5.42m vs 5.39m expected

    Prior 5.27m (revised to 5.29m)
    Sales +2.5% m/m vs +2.3% exp
    Inventory 4.2 months
    Prices +4.3% y/y

    #21737
    TradersCom
    Keymaster

    [b]US June S&P CoreLogic Case-Shiller 20-city house price index +0.04% m/m vs +0.15% expected
    Prior m/m +0.1% (revised to +0.2%)
    [/b]
    2.13% y/y v +2.3% expected

    Prior 2.39% (revised to 2.37%)

    National house price index +3.13% vs +3.30% exp

    #21738
    TradersCom
    Keymaster

    [b]US FHFA house price index for June 0.2% vs 0.2% estimate
    Prior month revised to 0.2% from 0.1%.[/b]

    Home price purchase index QoQ 1.0% versus 0.3% estimate. Prior quarter revised higher to 1.3% from 1.1%
    US home prices +4.8% in 12 months through June

    Federal Housing Finance Association house price index for the month of June 2019

    #21746
    TradersCom
    Keymaster

    US MBA mortgage applications w/e 23 August -6.2%% v -0.9% prior

    Purchase index 234.1 vs 243.8 prior
    Market index 576.2 vs 614.6 prior
    Refinancing index 2,545.6 vs 2,754.7 prior
    30-year mortgage rate 3.94% vs 3.90% prior

    From the Mortgage Bankers Association for the week ending 23 August 2019

    #21747
    TradersCom
    Keymaster

    US MBA mortgage applications w/e 23 August -6.2%% v -0.9% prior

    Purchase index 234.1 vs 243.8 prior
    Market index 576.2 vs 614.6 prior
    Refinancing index 2,545.6 vs 2,754.7 prior
    30-year mortgage rate 3.94% vs 3.90% prior

    From the Mortgage Bankers Association for the week ending 23 August 2019

    #21756
    Helmholtz Watson
    Participant

    More weak housing data:

    US Pending Home Sales (M/M) Jul: -2.5% (est 0.0%; prev 2.8%)
    US Pending Home Sales NSA (Y/Y) Jul: 1.7% (est 1.8%; prev -0.6%)

    Pending home sales were down in the Midwest (-1.2 percent) and Northeast (-0.9 percent), up in the South (0.1 percent) and West (0.3 percent).

    Pending Home Sales in the United States averaged 0.71 percent from 2002 until 2019, reaching an all time high of 30.90 percent in October of 2009 and a record low of -24.30 percent in April of 2011.

    #21880
    TradersCom
    Keymaster

    US MBA mortgage applications w.e. 6 September +2.0% v -3.1% prior

    Purchase index 253.5 vs 242.6 prior
    Market index 569.8 vs 558.5 prior
    Refinancing index 2,377.5 vs 2,367.2 prior
    30-year mortgage rate 3.82% vs 3.87% prior

    Mortgage Bankers Association for the week ending 6 September 2019

    #21928
    TradersCom
    Keymaster

    US Sept NAHB housing market index 68 v 66 prior, expected

    Current single-family home sales 75 v 73 prior
    Prospective buyers 50 v 50
    Sales over next six months 70 v 71

    #21989
    TradersCom
    Keymaster

    US MBA mortgage applications w.e.20 September -10.1% v -0.1% prior

    Mortgage Bankers Association for the week ending 20 September, 2019

    Purchase index 261.4 vs 269.7 prior
    Market index 512.2 vs 569.5 prior
    Refinancing index 1928.0 vs 2274.1 prior
    30-year mortgage rate 4.02% vs 4.01% prior

Viewing 14 posts - 1 through 14 (of 14 total)
  • You must be logged in to reply to this topic.