Mortgage Application Volume Dropped During Last Two Weeks of 2024 as Rates Increased
Due to higher mortgage rates and seasonal patterns, mortgage application volume decreased 21.9% on an adjusted basis during the two weeks ended December 27,...
CoreLogic: Home Equity Gains Slowed in the Third Quarter
U.S. home equity continued to rise in the third quarter, increasing by $425 billion, or 2.5%, to a record $17.5 trillion, according to CoreLogic’s Homeowner...
Housing Market Activity Will Pick Up in 2025, But it Will Be a Bumpy...
Zillow is predicting a more active housing market in 2025, but those hoping to buy — or even refinance — should buckle up for...
Housing Starts Slowed in October as Rates Went Back on the Rise
Housing starts slipped in October, falling to a seasonally adjusted annual rate of 1.311 million, a decrease of 3.1% compared with the revised September...
Mortgage Credit Availability Increased to Highest Level Since April 2023
Mortgage credit availability increased in October, rising to a score of 99.2 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
The report,...
Mortgage Delinquency Rate Decreased Slightly in Third Quarter
The national mortgage delinquency rate for residential mortgage loans decreased slightly to a seasonally adjusted rate of 3.92% of all loans outstanding as of...
Consumer Confidence in the Housing Market Reaches Highest Level Since 2022
Consumer confidence in the housing market increased in October, reaching its highest level since February 2022, according to Fannie Mae’s Home Purchase Sentiment Index.
The...
Baby Boomer Homeowners Passing Away Won’t Be Enough to Meet Housing Demand
There will be no excess supply of homes to the markets from older Americans moving or dying over the next decade, a research report...
First-Time Homebuyer Share Drops to New Low
First-time buyers represented only 24% of all home buyers during the 12 months ended in June, down from 32% in the previous 12-month period,...
Mortgage Applications Continue to Recede as Average Rate for 30-Year Hovers Around 6.5 Percent
Mortgage application volume fell for a fourth straight week, dropping 6.7% compared with the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications...
Housing Starts Increased in March, Driven by 31 Percent Surge in Multifamily Production
Housing starts were at a seasonally adjusted annual rate of 1.36 million in April, an increase of 5.7% compared with March but down 0.6%...
CoreLogic: Home Prices Increased 1.2 Percent in March
Home prices increased 1.2% in March compared with February and were up 5.3% compared with March 2023, according to CoreLogic’s home price index report.
“Home...
NAR: Home Prices ‘Astonishingly’ Increased 3.4 Percent in Q1 Despite Higher Mortgage Rates
Despite higher mortgage rates, more than 90% of U.S. metros posted home price gains in the first quarter, according to the National Association of...
Homebuyer Affordability Declined in March as Rates, Home Prices Increased
Homebuyer affordability worsened in March, as the average mortgage payment applied for by purchase borrowers increased to $2,201, an increase of $17 compared with...
Existing-Home Sales Fell 4.3 Percent in March, Ending Rebound
Existing-home sales plummeted 4.3% in March compared with February, falling to a seasonally adjusted annual rate of 4.19 million, and were down 3.7% compared...
CoreLogic: Rising Home Equity Has Given U.S. Homeowners a ‘Solid Financial Cushion’
The average U.S. mortgage borrower saw their home equity increase by about $24,000 year over year in the fourth quarter - a historic high...
MBA: Homebuyer Affordability Decreased in January as Home Prices Continued to Rise
Homebuyer affordability eroded in January, as home prices increased and offset the decline in mortgage rates that came during the month.
According to the Mortgage...
ATTOM: Foreclosure Filings Jumped 10 Percent in January
Foreclosure filings - including default notices, scheduled auctions or bank repossessions - surged 10% in January compared with December and were up 5% compared...
Mortgage Credit Increased in January But Lenders Continue to Pull Back
Mortgage credit availability increased in January, rising to a score of 92.7 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
That’s an...
CoreLogic: Hot Job Market Helping to Keep Home Prices Elevated
U.S. home prices continued to rise in December, but the rate of appreciation continued to slow.
Prices increased just 0.1%, on average, compared with November,...