Mortgage rates for 30 year and 15 year fixed rate mortgages went up, according to the Mortgage Bankers Association. Mortgage rates, however, are still down from the sky-high levels back in 2007 before the Great Recession and the housing market collapsed.
The US Census Department released its monthly New Residential Home Sales Report for April on Saturday. Sales are improving, but home sales aren't at the level as they were in recent years.
The average rate for a 30 year fixed rate mortgage (from FHA and conforming GSE data) decreased 2 basis points to 4.34 percent since last week while the purchase application volume declined 4 percent and the refinance application volume declined 7 percent over the same period.
In March, 79,476 people were removed from SNAP. The number of households receiving food stamps benefits has fallen 2.76 percent since last year.
Mortgage rates for a 30-year fixed mortgage fell four basis points to 4.16 percent since last week. Mortgage rates have been falling steadily since the beginning of 2014.
The US Department of Labor released its employment situation report on Friday. Less workers were employed for 27 weeks or longer, but the US still has a long way to go before returning to pre-recession levels.
The US Department of Labor released its weekly jobless claims report on Thursday. Initial unemployment claims increased by 8,000, but continued unemployment claims decreased by 20,000.
Rates for a 30-year fixed mortgage climbed to an average 4.37 percent since last week, while the purchase application volume declined 3 percent and the refinance application volume declined 4 percent over the same period.
Home prices increased 0.63 percent in February and 6.88 percent above the level seen in February 2013.
Conditions for the long term unemployed improved in February while still remaining distressed by historic standards. Workers unemployed 27 weeks or more declined to 3.739 million, or 35.8 percent of all unemployed workers.
The average rate for a 30 year fixed rate mortgage (from FHA and conforming GSE data) increased 2 basis points to 4.41 percent since last week while the purchase application volume increased 1 percent.
New home sales fell 3.3 percent from February and 1.1 percent below the level seen in February 2013, according to the latest figures from the Census Department.
February wasn't a good month for those looking to sell their house: total home sales fell .4 percent since January.
The Chicago Fed reported that its National Activity Index showed economic growth slowed in January due to declines in production-related areas. However, the agency reported that the national economy has been growing over the past several months.
Existing home sales fell 5.1 percent since December and 5.1 percent below the level seen in January 2013.
A survey from the Mortgage Bankers Association found a 6 percent decline in the purchase application volume since last week, while the average rate for a 30-year mortgage rose to 4.37 percent.