· NAR’s Pending Home Sales Index, which tracks contract signings (as opposed to closed sales), rose 3.4% in April to a level of 108.7. (An index of 100 represents an average level of contract.
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Pending home sales hit two-year high: NAR. 0. pending home sales rose in January and continued a 21-month trend of growing from year ago levels, the National Association of Realtors said. The company’s latest pending home sales index suggests the housing recovery is gaining momentum.
The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings last month, climbed 0.9 percent to 112.6 in May from a slight downward revision of 111.6 in April. Year-to-year, it’s now 10.4 percent above May 2014 (101.9).
In fact, homes sales in the West, where prices are highest, jumped more than 11. is the interest rate lock effect," said Lawrence Yun, chief economist at the NAR. since interest rates are expected to rise in the second half of the year.”. California pending home sales dip slightly in January; Southern.
· US pending home sales surged to a nine-year high in April in a strong start to the prime spring season, the National Association of Realtors said Thursday. Contracts signed for home purchases leaped a more-than-expected 3.4 percent from March, pushing the NAR pending home sales index to 112.4 the highest
NAR’s chief economist. Pending sales typically close within two months. An index reading of 100 equals 2001’s average contract activity level. Prices for new homes sprinted higher last month, with the.
The S&P 500 clinched all-time and closing highs on July 3 on the back of investor hopes that the. Putting it all together, Sheets said that second-quarter earnings could prove painful for. NAR – pending home sales bounce back 1.1% in May. The 10-year yield was also about three basis points from hitting its 2019 low.
The 15-year fixed-rate mortgage averaged 3.18%, also up two basis points.. Pending Home Sales Roar Higher, but Are Stuck Below Year-Ago Levels. 1.1% in May but were 0.7% lower than a year ago, the National Association of Realtors said Thursday. The May increase beat the consensus forecast for a 0.6% rise.
Principal reductions factor in heavily: HAMP report Executive Conversation: Dan Sogorka on TRID solutions Closing Insight was launched on Oct. 3, 2015, to help Black Knight’s lender clients and their network of settlement agents generate new closing disclosure forms and reconcile fees as required by TRID.PDF OCC Mortgage Metrics Report – Servicers used term extensions in 69.3 percent of modifications, principal deferrals in 25.3 percent, and principal reductions in 13.6 percent (see table 17). Among HAMP modifications, servicers reduced interest rates in 88.1 percent of those modifications, deferred principal in 36.2 percent, and reduced principal in 21.6 percent (see table 18).