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Mortgage applications increased 1.6 percent this week; buyers remain in wait-and-see mode as lower prices, an increase in listings and longer times on the market are giving them more time to weigh their options; a new survey shows that 50% of prospective homebuyers can’t afford the basic costs of homeownership; and mortgage rates continue to […]

This week’s data shows home prices hit a record high in June; contract signings fell 5.5% last month; starter home sales surged 10.2% in July, as buyers took advantage of the recent rate drop; delinquencies and mortgage application payments both decreased; and home prices are still slightly down, while inventory is well above last year’s […]

This week, mortgage rates dropped to a 2024 low; home sales rose in July for the first time in five months; mortgage applications decreased 10.1 percent; the national mortgage delinquency rate fell by 12 basis points to 3.37% in July; and things are shaping up for a buyer-friendly end of summer with home prices slightly […]

This week, mortgage applications increased 16.8 percent; homeowners are rushing to refinance now that rates have dropped; 90% of metro areas experienced home price gains in the second quarter; delinquencies also increased in Q2 and research shows that the housing market is moving in a more buyer-friendly direction as new listings are back up, inventory […]

This week, mortgage rates decreased to their lowest level in a year; mortgage applications and credit availability increased; home appreciation slowed significantly; more Americans are tapping into home equity credit lines; and research shows that new listings are back up, inventory continues to grow, time on market is stretching and listing prices continue to stall. […]

This week, housing inventory surged by 36.6 percent; home equity improved after three quarterly declines; mortgage applications decreased; home sales rose 4.8 percent in June; U.S. home prices hit their highest level in history in May; homeownership for people under the age of 35 decreased to 37.4 percent in the second quarter and housing affordability […]

The housing market remained stable this week, although affordability remains a problem; mortgage applications decreased; existing home sales slipped 5.4 percent; housing inventory continues to grow, although nearly two-thirds of homes on the market had been listed for at least 30 days without going under contract; 56,000 home purchases were canceled last month and home […]

This week saw an increase in mortgage applications; national house price growth slowed for the sixth consecutive month; foreclosure filings decreased in Q1; home prices show signs of slowing down; the market remains in a holding pattern and builder confidence has fallen slightly. June New Home Purchase Mortgage Applications Increased 0.7 Percent Mortgage Bankers Association - […]

This week saw a decrease in mortgage applications; homebuyer sentiment is on the rise; homeownership became less affordable in Q2; the number of homes actively for sale was notably higher compared with last year; and housing inflation remains stubbornly high.   Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage Bankers Association - 7/10/2024 Mortgage applications […]

This past week interest rates moved lower, approaching levels last seen in March. Let's discuss why and look into the week ahead. One or Two? At the recent Fed meeting, the big surprise was Fed Chair Powell suggesting there would no longer be a rate cut in 2024, two less than previous forecasts just three […]