Mortgage rates fell for the second straight week, triggering a jump in refinance activity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending November 5.
This morning, the Mortgage Bankers Association releases its 3rd Quarter National Delinquency Survey. Ahead of the report, CoreLogic, Irvine, Calif., reported steady drops in mortgage delinquencies in August, while ATTOM, Irvine, Calif., said the end of foreclosure moratoria earlier this summer is pushing mortgage foreclosure actions higher.
The supply of single-family lots ready for homebuilders to build on fell to a new low in the third quarter, reported Zonda, Newport Beach, Calif.
Fitch Ratings, New York, said it sees limited risks to real estate investment trust credit fundamentals from a transitory inflation-rate increase, but noted prolonged elevated inflation could pressure REITs.
Mortgage credit availability increased for the fourth straight month in October, albeit ever so slightly, the Mortgage Bankers Association reported Tuesday.