LA Times: Pending home sales rebound nationally By Andrew Khouri NAR said Thursday that its pending sales index climbed 3.3% last month after slipping 1.25% in June. The index, which tracks contracts signed for previously owned homes, hasn’t been higher since August 2013. The increase from June, which beat expectations of a 0.5% rise, provides another indication that the housing market is strengthening after starting to cool last summer.
Housing Wire: Mortgage rates stay low heading into holiday By Brena Swanson The 30-year, fixed-rate mortgage averaged 4.10% for the week ended Aug. 28, unchanged from a week ago, but down from 4.51% last year, according to Freddie Mac’s Primary Mortgage Market Survey.
WSJ: Proposal could raise mortgage costs By Joe Light Proposed requirements for an obscure, but widely used, corner of the mortgage market would protect Fannie Mae and Freddie Mac from another financial crisis but could end up raising mortgage costs for thousands of borrowers, according to a report by Moody’s Analytics and the Urban Institute.