• July existing home sales were up 2.5% from the previous month and were up 0.6% from a year ago. The median sales price of existing houses sold was $280.8 thousand, 4.3% above July 2018.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of August 22nd showed average fixed mortgage rates dropped to their lowest levels since November 2016. 30-year fixed-rate mortgage averaged 3.55% for the week ending August 22nd, down from last week when it averaged 3.60%. A year ago at this time, the 30-year fixed-rate mortgage averaged 4.51%. 15-year fixed-rate mortgage averaged 3.03%, down from last week when it averaged 3.07%. %. A year ago at this time, the 15-year fixed-rate mortgage averaged 3.98%.
  • Mortgage applications decreased 0.9% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 16th.
  • The advance figure for initial claims for unemployment insurance decreased 12 thousand to 209 thousand in the week ending August 17th. The 4-week moving average was 214.5 thousand, an increase of 0.5 thousand from the previous week’s average. The advance number for seasonally adjusted insured unemployment (ongoing) during the week ending August 10 was 1,674 thousand, a decrease of 54 thousand from the previous week’s revised level. The 4-week moving average was 1,697 thousand, a decrease of 0.75 thousand from the previous week’s revised average.

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