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.
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