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Author Archives: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

Home Prices Gain 5.5% in June Index

Black Knight Financial Services reported Monday a 5.5 percent annual increase in its Home Price Index (HPI) for June, bringing the index to a value of $241,000 based on transactions throughout the month. June's improvement compares to increases of 5.9 percent, 6.4 percent, and 7.0 percent recorded in May, April, and March, respectively.

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New Home Sales Fall 2.4% in July

In a release on Monday, the Commerce Department estimated new home sales last month were at a seasonally adjusted annual pace of 412,000, a decline of 2.4 percent month-over-month. June sales received a slight upward revision to a rate of 422,000, while May sales were also bumped up in a second revision to 454,000—still far below the 504,000 originally reported by the government.

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CFPB Names Participants for eClosing Pilot Program

The Consumer Financial Protection Bureau (CFPB) unveiled this week its list of companies selected to participate in the agency's mortgage eClosing pilot program designed to measure the benefits of electronic mortgage closings and determine best practices.

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Leading Economic Indicators Point to Stronger Activity Ahead

Leading economic indicators in the United States experienced a sharp increase in July, signaling what analysts hope will be a stronger second half of 2014. The Conference Board's Leading Economic Index (LEI) rose 0.9 percent last month to 103.3, building on improvements of 0.6 percent in both May and June.

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Long-Term Mortgage Rates Fall to Year-Low

Average fixed mortgage rates drifted down again this week, sinking to their lowest level so far this year. Freddie Mac reported Thursday that the average fixed interest rate for a 30-year fixed-rate mortgage (FRM) was 4.10 percent (0.5 point) for the week ending August 21, down 2 basis points from last week's average. The previous 2014 low was 4.12 percent, first seen in late May and then again three more times throughout the summer.

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