Mortgage markets improved last week for the second consecutive week.
Mortgage Rates Drop For The First Time In 4 Weeks
After 4 weeks of increases, mortgage rates finally recede nationwide.
Pending Home Sales Index Makes New High For 2012
In July, the third time this year, the Pending Home Sales Index crossed its benchmark value of 100, moving to 101.7.
New Home Sales Reach Multi-Year High
As reported by the U.S. Department of Commerce, 372,000 new homes were sold in July on a seasonally-adjusted, annualized basis.
Government : Home Prices Up 3.0% In Last 12 Months Nationwide
According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter.
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