Pending home sales declined to four-year low in October

Two of four regions showed a gain in October pending home sales. Record-low borrowing costs have fueled demand for those able to get financing. The average rate on a 30-year, fixed mortgage.

The National Association of Realtors said its Pending Home Sales index (phsi) declined 1.3 percent in April, down from its March reading of 107.8 (revised from 107.6) to 106.4. The index, a.

Pending sales of homes in the U.S. fell again in November to a four-year low in another sign of widespread weakness in the real-estate market that’s likely to continue into 2019. December 28.

Pending sales fell in three of four regions, led by an 8.9% slump in the West as the Midwest and South also declined. Signings in the Northeast rose 0.7%. The index level of 102.1 was the lowest since July 2014. While the report is in line with the view that housing isn’t expected to collapse, the industry may have trouble gaining traction.

The number of existing homes that went under contract in the US inched up in October, a sign the housing market remains stable heading into the final months of the year. An index measuring pending.

 · And as a result of poor economic conditions, the fundamental drivers for housing were weak and home sales also declined. The remaining four.

RBC seeks to join Canada mortgage-bond fray on nonprime deal With the exception of BMO, major banks have refused to advertise reasonable 5-year fixed rates (3.09% or less by today’s standards). But that changed last week when both Royal Bank and TD Canada Trust dropped their rates to 3.29% on a 5-year fixed. As best we can tell, that’s the lowest 5-year fixed rate that either have ever advertised on their websites.

Pending home sales expand in October By California Association Of Realtors Led by the Southern California region, California statewide pending home sales grew modestly in October from the previous year and were down from September as the market begins its seasonal cooldown, according to the California Association of Realtors’ October Market.

BSI to purchase mortgage servicing rights following capital raise BSI to purchase mortgage servicing rights following capital raise | National Mortgage News "With our new MSR acquisition capability we offer our existing subservicing clients as well as other lenders interested in selling servicing rights the value of convenience and liquidity," Gagan Sharma , BSI Financial president and CEO, said in a press.Mortgage application volume drops on less purchase activity Mid America buys $2.7 billion in Ginnie MSRs ADDISON, Texas, Sept. 8, 2016 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (mid america) owner and Chief Executive Officer Jeff bode today announced the firm will begin purchasing delinquent fha loans as part of its whole loan purchase program. To be eligible for purchase, loans must have an active mortgage insurance certificate, and the original terms of the note must remain unmodified.

Pending home sales tumble to 4-year low in latest sign of a housing-market correction. In October, pending sales in the Northeast rose 0.7%.. when new home sales decline and inventory.

Pending and existing home sales declined slightly in April, while inventory continues to increase.. October 2018 Housing Minute.. continued price increases and low housing inventory pushed out potential buyers causing declines in both existing-home sales and pending-home sales in August.

In November, NAR’s Pending Home Sales Index declined 2.5 percent to 107.3 from 110.3 in October. This month. as enough buyers fended off rising mortgage rates and alarmingly low inventory levels to.