Latest News

This week, mortgage rates fell to their lowest level since February 2023; both mortgage applications and credit availability increased; refinancing is beginning to pick up as originations doubled in August, accounting for 26% of total mortgage loan production; homeowners now have more than $32 trillion in home equity – a record high; and median prices […]

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 […]