Weekly Housing Headlines

The average rate on a 30-year fixed loan plunged 12 basis points to 6.63%; mortgage applications decreased 1.6% from one week earlier; new listings climbed 10.2% year-over-year, marking the highest March increase in three years; the total value of owner-occupied real estate registered at $48.1 trillion, the third-highest value on record; and monthly payments for homebuyers hit a record high for the second week in a row.

Mortgage rates tumble on tariffs, but housing costs still near record high
CNBC - 4/3/2025
The average rate on the popular 30-year fixed loan plunged 12 basis points to 6.63%, according to Mortgage News Daily. That put it at the lowest level since October.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 4/2/2025
Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 28, 2025.

Homeowners Are Sitting on $34.7 Trillion in Equity — but Mortgage Debt Is Growing
Realtor.com - 3/31/2025
The total value of owner-occupied real estate registered at a massive $48.1 trillion, making it the third-highest value on record, according to the Federal Reserve’s Flow of Funds data for the fourth quarter of 2024.

Weekly Housing Trends View — Data for Week Ending March 29, 2025
Realtor.com - 4/3/2025
The spring housing market continues to warm up, despite relatively challenging conditions, with more homeowners putting their properties up for sale.

Spring Housing Market Grows, But Buyer Confidence Wavers
National Mortgage Professional - 4/3/2025
New listings climbed 10.2% year-over-year, marking the highest March increase in three years. Total active listings surged for the 17th consecutive month, a sign that sellers are returning to the market in greater numbers.

Redfin Reports Spring Brings Record-High Monthly Housing Costs, Keeping Pending Home Sales at Bay
Redfin - 4/3/2025
The typical U.S. homebuyer’s monthly payment hit a record high for the second week in a row, reaching $2,802 during the four weeks ending March 30.

Home Prices Expected To Rise As Spring Approaches
National Mortgage Professional - 3/28/2025
ATTOM’s Q1 2025 U.S. Home Affordability Report finds that median-priced homes are historically unaffordable in 97% of analyzed counties, extending a three-year trend of high ownership costs.

Housing market sees unprecedented 80% jump in mortgage applications
Mortgage Professional America - 3/31/2025
Bank of America has reported an 80% increase in mortgage applications from January to March, surpassing typical seasonal trends, as lower long-term bond yields and rising housing inventory encouraged buyers to return to the market.

Families Are Packing Generations Under One Roof To Save Money
Financial Advisor - 4/1/2025
A record 17% of home purchases last year were “multigenerational” properties, up from 11% in 2021 and the highest share in data going back to 2012, according to a report from the National Association of Realtors.

Debt Is Homebuyers’ Four-Letter Word
National Mortgage Professional - 4/1/2025
Carrying too much debt is delaying potential home buyers from achieving their aspirations for a median of three years, according to a new report from the National Association of Realtors.