“Mortgage rates fell to their lowest level in over a month last week, with the 30-year fixed rate decreasing to 6.69%. The recent strength in purchase activity continues, supported by lower rates and higher inventory levels, which are giving prospective buyers more options compared to earlier in the year." --Joel Kan, MBA’s Vice President and Deputy Chief Economist

Industry news from Arrival Home Loans, Ardley, Fitch and STRATMOR Group.