U.S. home buyer initiated or signed more contract in March vs February according to the National Association of Realtors survey data.
The survey also showed Pending Home Sales Index jumped 4.1 percent in March compared to February. The index is 12.8% higher year over year.
The West saw the strongest activity while the Northeast and Midwest saw declining activity.
Mortgages Rates
| 30 yr fixed | 3.85% | 3.78% |
| 30 yr fixed jumbo | 4.45% | 4.42% |
| 15 yr fixed | 3.07% | 3.19% |
| 15 yr fixed jumbo | 3.66% | 3.70% |
| 5/1 ARM | 2.71% | 3.08% |
| 5/1 jumbo ARM | 2.91% | 3.09% |
The majority of distressed properties are in the West, with California, Arizona and Nevada. These regions remain the nation’s highest foreclosure activity.
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