Housingwire: Distressed inventory as share of home purchases declines
Foreclosed houses and short sales represented only 33 percent of the home purchase market in April, down from 35.6 percent in March and well below the 43.6 percent rate recorded a year earlier, Campbell/Inside Mortgage Finance said in a new survey.

DSnews: Millions of above-water borrowers lack enough equity to move
By Tory Barringer
According to a report by Zillow, the national negative equity rate was 25.4 percent in the last quarter compared with 27.5 percent at the end of 2012. That percentage represents slightly more than 13 million homeowners with a mortgage.

San Diego Union Tribune: What if mortgage rates shoot up?
By Lil Leung
Market watchers are speculating when the Fed will start to scale back its mega-bond buying program called quantitative easing, or QE. The economic stimulus has helped keep U.S. mortgage rates at or near record lows, sparking buyer demand and refinancing activity. Would a wind-down of the program pose a threat to the housing recovery?