June 27, 2024 The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months. By historical standards, the economy is in good shape, and we expect rates to continue to come down over the summer … Continue reading →

For Week Ending June 15, 2024 U.S. mortgage performance is in good health overall, according to CoreLogic’s May 2024 Loan Performance Insights report, which found overall delinquency, serious delinquency, and foreclosure rates remained low as of last measure in March … Continue reading →

June 20, 2024 Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut. These lower mortgage rates coupled with the gradually improving housing supply bodes well for the … Continue reading →

Growth in listings met by cooler demand leads to an increase in supply Signed purchase agreements fell 5.0%; new listings up 3.4% The median sales price increased 4.1% to $385,000 Market times rose 7.2% to 40 days; inventory up 16.3% … Continue reading →

For Week Ending June 8, 2024 U.S. home prices have increased by more than 47% since 2020, according to a recent analysis by ResiClub of the Case-Shiller National Home Price Index, outpacing the growth of the 1990s and 2010s, which … Continue reading →

June 13, 2024 Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth. Top-line inflation numbers were flat but shelter inflation, which measures rent and homeownership costs, … Continue reading →

For Week Ending June 1, 2024 The average American household spent 24.2% of their income on mortgage payments in the first three months of the year, according to the National Association of REALTORS®, down from 26.1% the previous quarter. Assuming … Continue reading →

June 6, 2024 Mortgage rates retreated this week given incoming data showing slower growth. Rates are just shy of seven percent, and we expect them to modestly decline over the remainder of 2024. If a potential buyer is looking to … Continue reading →

For Week Ending May 25, 2024 Prospective homebuyers received good news recently in the form of declining mortgage rates, which fell for the third consecutive week, offering consumers some relief amid persistent affordability challenges. According to Freddie Mac, the 30-year … Continue reading →

May 30, 2024 Following several weeks of decline, mortgage rates changed course this week. More hawkish commentary about inflation and tepid demand for longer-dated Treasury auctions caused market yields to rise across the board. This reality, as well as economic … Continue reading →

For Week Ending May 18, 2024 According to the 2021 American Housing Survey, approximately 10.2 million households bought and moved to a new home in the two years preceding the date the survey was conducted. Of those, 40% of buyers … Continue reading →

May 23, 2024 Spring homebuyers received an unexpected windfall this week, as mortgage rates fell below the seven percent threshold for the first time in over a month. Although this week’s data on previously owned home sales showed a decline, … Continue reading →

For Week Ending May 11, 2024 The trend toward building smaller homes continues, as America’s homebuilders respond to demand for more affordable housing. According to the U.S. Census Bureau, median single-family home sizes declined 4% annually in 2023 to 2,179 … Continue reading →