Following a slower than expected summer, the U.S. housing market made up
Tuesday, December 2, 2014
Refi Volume Rising While Housing Inches Closure to Stability
Refi Volume Rising While Housing Inches Closure to Stability
Following a slower than expected summer, the U.S. housing market made up
some
ground in September as most major indicators inched closer to
stability. Freddie Mac released its latest Multi-Indicator Market Index,
revealing a 0.5 percent uptick in September to a reading of 74.4 after
months of slight declines. The most recent improvement puts the index a
few points short of the lower threshold for a market considered to be in
"stable" territory. Mortgage refinance volume increased throughout the third quarter as demand for the government's Home Affordable Refinance Program continued to diminish, read more.
Following a slower than expected summer, the U.S. housing market made up
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