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Quick Stat

Refinancing applications have risen 23% as mortgage rates continue to drop, says the Mortgage Bankers Association. Source

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Quick Stat

Existing-home sales are the highest they’ve been in 2014, having risen continuously over the past four months. Source: Realtor.org

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Quick Stat

According to a home improvement survey by Realtor.com, 67% of consumers plan on renovating their home within the next six months. Source: LinkedIn

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Flattening Yield Curve May Herald Mortgage Rate Stability

With a rate hike earlier than expected and a lower rate policy long term, we could be facing what experts call a “flattening of the yield curve.” This means short- and long-term yields could become more in line with each other during the second half of the year. Source: Barron’s

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U.S. Mortgage Applications Rising

According to the Mortgage Bankers Association, mortgage application activity (including refinancing and home purchase demand) rose 10.3% early this month. Refinancing applications rose 11%, and loan requests for home purchases rose 9.3%. Source: Reuters