Company News

Pending home sales increased for a fourth month in November to the highest level since early 2023; new home sales also jumped 5.9% in November; the Freddie Mac rate for a 30-year mortgage increased again this week, rising 6 basis points to 6.91%.; mortgage applications decreased 21.9% from two weeks earlier; and the number of homes actively for sale continues to be higher compared to last year, growing by 22.0%.

Pending Home Sales Advance To Highest Level Since Early 2023
Financial Advisor - 12/30/2024
Pending sales of U.S. homes increased for a fourth month in November to the highest level since early 2023 as homebuyers gave up hopes for lower borrowing costs.

New Home Sales Jumped 5.9 Percent in November as Rates Decreased
MortgageOrb - 12/23/2024
New home sales jumped 5.9% in November compared with December to reach an annual rate of 664,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Mortgage rates inch closer to 7% to close out 2024
CNN Business - 1/2/2024
The standard, 30-year fixed-rate mortgage averaged just shy of 7% in the final week of 2024 ending on January 2, according to data from mortgage financing giant Freddie Mac.

December 2024 Monthly Housing Market Trends Report
Realtor.com - 1/2/2024
The number of homes actively for sale continues to be higher compared to last year, growing by 22.0%, a fourteenth straight month of growth, but due to seasonality have plummeted to their lowest level since June.

Mortgage Applications Decreased Over a Two-Week Period in Latest MBA Weekly Survey
Mortgage Bankers Association - 1/2/2024
Mortgage applications decreased 21.9 percent from two weeks earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending December 27, 2024.

Home-Price Growth Slows Slightly As Buyers Gain More Leverage
Financial Advisor - 12/31/2024
A national gauge of prices rose 3.6% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That was smaller than the 3.9% annual increase in September.

Redfin Reports Housing Supply Just Hit a Four-Year High, Partly Because So Many Homes Are Sitting on the Market Unsold
Redfin - 12/30/2024
Active listings — the total number of homes for sale — climbed to the highest level since 2020 in November on a seasonally adjusted basis, rising 0.5% month over month and 12.1% year over year.

Redfin Reports Housing Supply Ends 2024 On the Rise, Up 12% Year Over Year
Redfin - 12/27/2024
Active listings climbed 12% year over year during the four weeks ending December 22, though that was the smallest increase since March, according to a new report from Redfin.

First American: Home Price Appreciation Flattened in November
MortgageOrb - 12/27/2024
U.S. home prices decreased 0.1% in November compared with October, signaling that home price growth may have fully flattened since the first time since the pandemic, according to First American’s home price index.

At What Point Will Refinancing Become Worth It Again?
CoreLogic - 12/27/2024
Given that it is unlikely that mortgage rates will return to the historically low levels seen in 2020-2021, a refinancing boom seems improbable.

The Federal Reserve cut interest rates by a quarter point on Wednesday; contract closings increased 4.8% to an annualized rate of 4.15 million in November; November mortgage applications to purchase a new home increased 7.2%; mortgage rates decreased for the third straight week; and the past two weeks have brought the highest combined two-week increase in new listings since April.

The Fed just slashed interest rates for the third time this year
CNN Business - 12/18/2024
The Federal Reserve on Wednesday cut interest rates by a quarter point, the third rate cut since it began to lower borrowing costs in September.

U.S. Existing-Home Sales Rise As Buyers Accept High Mortgage Rates
Financial Advisor - 12/19/2024
Contract closings increased 4.8% to an annualized rate of 4.15 million in November, the most since March, according to data released Thursday by the National Association of Realtors.

November New Home Purchase Mortgage Applications Increased 7.2 Percent
Mortgage Bankers Association - 12/17/2024
Applications to purchase newly built homes have seen annual increases since February 2023, as prospective homebuyers continue to favor new homes, given affordability challenges and constrained existing inventory.

Mortgage Rates Notch Down For Third Consecutive Week
National Mortgage Professional - 12/13/2024
The national average 30-year-fixed mortgage rate dropped for the third consecutive week, according to Freddie Mac’s latest Primary Mortgage Market Survey.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 12/18/2024
Mortgage applications decreased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending December 13, 2024.

Weekly Housing Trends View — Data for Week Ending Dec. 14, 2024
Realtor.com - 12/19/2024
The past two weeks have brought the highest combined two-week increase in new listings since April, reflecting a rising desire of existing home sellers to sell their home and, in many cases, also buy a new one.

Existing Home Sales Rise to Highest Level in Over a Year and a Half
Redfin - 12/18/2024
Existing home sales rose 0.7% month over month in November to a seasonally adjusted annual rate of 4,269,85 — the highest level since March 2023.

Housing Market Predictions: Will Home Prices Drop in 2025?
The Mortgage Reports - 12/17/2024
The pros we polled were asked to give a broad perspective on where the real estate landscape is currently and perhaps where it’s headed next year. Here’s what they had to say.

2024 Housing Market: Key Takeaways and What Lies Ahead
The Mortgage Reports - 12/16/2024
Mortgage rates are projected to decline in 2025, potentially improving affordability for buyers. This is likely to spark greater demand, however, which could keep home prices elevated or even drive them higher.

Mortgage Application Payments Increased 0.3 Percent to $2,133 in November
Mortgage Bankers Association - 12/19/2024
Homebuyer affordability conditions declined slightly in November as elevated mortgage rates and rising home prices impacted prospective buyers’ purchasing power.

Mortgage applications increased 5.4% from one week earlier; alternative mortgages, such as non-QM, have seen double-digit growth recently; refinance surged in September and October, as more than 300,000 mortgage refinances closed – the most in 2.5 years; credit availability tightened considerably in November; and the median listing price fell by 1.2% year over year, while new listings increased 16.5% post-Thanksgiving.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 12/11/2024
Mortgage applications increased 5.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending December 6, 2024.

Alternative mortgages see double-digit growth as borrowers seek flexibility
Mortgage Professional America - 12/11/2024
More borrowers are turning to non-qualified mortgages, home equity lines of credit and second mortgages, according to the latest report from Mortgage Capital Trading.

Refinance Volume Surged in September-October as Borrowers ‘Ditched Their Newly Acquired Mortgages’
MortgageOrb - 12/10/2024
More than 300,000 mortgage refinances closed, the most in 2.5 years, according to ICE Mortgage Technology’s Mortgage Monitor report.

Weekly Housing Trends View — Data for Week Ending Dec. 7, 2024
Realtor.com - 12/12/2024
The median listing price fell by 1.2% year over year, while new listings increased 16.5% post-Thanksgiving and adjusted to 2.6% after accounting for holiday timing.

Mortgage Credit Availability Decreased in November
Mortgage Bankers Association - 12/10/2024
Credit availability tightened considerably in November, pushing the index to the lowest level in five months.

Home price growth to decelerate in 2025 and 2026: Fannie Mae survey
Mortgage Professional America - 12/6/2024
The Q4 2024 Home Price Expectations Survey shows that housing experts anticipate home price growth to ease from the 5.2% national average expectation in 2024 to 3.8% in 2025 and 3.6% in 2026.

Younger Americans Who Bought Their Homes During the Pandemic Will Be 2025’s Biggest Sellers
Realtor.com - 12/11/2024
Homeowners in their 30s and 40s will be the most active group of sellers in 2025, with 27% of homeowners aged 30 to 39 and 28% of homeowners aged 40 to 49 indicating they expect to sell in the coming year.

Top Housing Markets for 2025
Realtor.com - 12/10/2024
A big bump in home sales could come for some places characterized by moderately affordable homes, abundant inventory and a sizable base of younger families, according to the latest projections from Realtor.com.

Homeowner Equity Insights – Q3 2024
CoreLogic - 12/6/2024
CoreLogic analysis shows U.S. homeowners with mortgages (roughly 62% of all properties) have seen their equity increase by a total of $425 billion since the third quarter of 2023, a gain of 2.5% year over year.

Redfin Reports Homebuying Demand Sitting Near Highest Level Since Early Spring As Mortgage Rates Fall
Redfin - 12/12/2024
Home tours, mortgage applications and pending sales are rising as mortgage rates decline from the four-month high they hit in late November, according to a new report from Redfin.

Home prices continued to cool in September as homebuyers struggled with inflation fatigue, according to the latest CoreLogic S&P Case-Shiller Index; mortgage application payments increased by 4.2%; new home sales dropped sharply in October after a strong showing in September; the NAR’s 2024 Migration Trends Report shows that people are heading south for more affordable housing; and Zillow predicts a more favorable market in 2025, while Fannie Mae forecasts sales growth at 17% for 2026.

U.S. Home-Price Growth Slows With Market Swinging In Buyers' Favor
Financial Advisor - 11/26/2024
A national gauge of prices rose 3.9% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That was smaller than the 4.3% increase in August.

Mortgage Application Payments Increased 4.2 Percent to $2,127 in October
Mortgage Bankers Association - 11/26/2024
Homebuyer affordability conditions declined notably in October as rapidly rising mortgage rates pushed the national median mortgage payment up $86 from September.

New Home Sales Cool Down in October
Realtor.com - 11/26/2024
The number of new homes sold fell to 610,000 on a seasonally adjusted annual basis, down 17.3% from September 2024 and down 9.4% from October 2023.

Americans Are On the Move — and They’re Heading South To Get More Home for Their Money
Realtor.com - 11/25/2024
The National Association of Realtors has released the first 2024 Migration Trends Report, which shows that people are heading south for more affordable housing, lower or more favorable tax rates and better job market opportunities.

Zillow: Housing Market Activity Will Pick Up in 2025, But it Will be a Bumpy Ride
MortgageOrb - 11/25/2024
Zillow is predicting a more active housing market in 2025, but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right.

Fannie Mae lowers 2025 housing market expectations
Mortgage Professional America - 11/22/2024
Fannie Mae projects existing home sales to grow by only 4% in 2025, a downgrade from its earlier forecast of an 11% increase. The 2024 pace of existing home sales is on track to hit a nearly 30-year low.

More Than Half Of Boomers Never Plan To Sell Their Homes
Financial Advisor - 11/22/2024
Roughly 61% of boomers currently own homes, and among this group, more than half (54%) never plan to sell, according to new research from Clever Real Estate.

Home Repair Costs Rise Quarterly
MortgagePoint - 11/22/2024
According to the Q3 2024 Verisk Remodel Index, the cost of home repairs and remodeling in the third quarter of 2024 continued to increase, rising by 1.08% quarter-over-quarter, and just over 3.35% from the third quarter of.

Most People Who Move Do It To Save on Housing
National Mortgage Professional - 11/25/2024
According to a new migration study from StorageCafe, nearly half of all recent arrivals to Arizona from California buy houses within the first year at their new locations, often saving $1 million in the process.

Intergenerational Communities: A Blueprint for Expanding Housing Alternatives
MortgagePoint - 11/26/2024
Intergenerational residential communities, designed to support individuals of all ages in affordable, socially engaging settings, are emerging as a solution to address challenges like social isolation and housing costs.

Mortgage applications increased 1.7% from one week earlier, and new home purchase mortgage applications increased 8.2% in October; data shows that sales of previously owned homes rose 3.4% in September; for the first time since 2010, homes with low natural disaster risk gained value faster than high-risk homes; and there was a 1.9% quarterly increase in lending, marking the second consecutive quarterly gain – a pattern not seen since early 2021.

October New Home Purchase Mortgage Applications Increased 8.2 Percent
Mortgage Bankers Association - 11/19/2024
New home purchase activity picked up in October even as stronger economic data and election uncertainty pushed mortgage rates higher over the course of the month.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 11/20/2024
Mortgage applications increased 1.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending November 15, 2024.

Home sales surged in October, just before mortgage rates jumped
CNBC - 11/21/2024
Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors.

Weekly Housing Trends View — Data for Week Ending Nov. 16, 2024
Realtor.com - 11/21/2024
This past week brought a bit of relief for prospective homebuyers as Freddie Mac rate for a 30-year mortgage dipped slightly. However, the housing market is still adjusting to potential economic shifts of the presidential election.

Refinancing fuels mortgage lending growth despite challenges
Mortgage Professional America - 11/21/2024
ATTOM’s latest Mortgage Origination Report showed a 1.9% quarterly increase in lending, marking the second consecutive quarterly gain – a pattern not seen since early 2021.

Homes With Low Natural Disaster Risk Are Rising in Value Faster Than Homes With High Risk for the First Time in Over a Decade
Redfin - 11/20/2024
This year marked the first time since 2010 that low-risk homes across three major climate categories — heat, fire and flood — gained value faster than high-risk homes.

How Housing Affordability Has Dropped Over 5 Years: 5 Metros Where Less Than 30% of Households Can Afford a Home
Realtor.com - 11/20/2024
Based on the rule that individuals should spend no more than a third of their income on housing, Realtor.com research has found that Los Angeles, Oxnard, San Diego and San Jose in California and New York City have been hit hardest.

Mortgage Credit Availability Increased in October
Mortgage Bankers Association - 11/15/2024
Mortgage credit availability increased to its highest level since April 2023, driven by gains across all loan categories. However, overall credit supply remains tight, with the index still near the very low levels of 2011-2013.

Existing Home Sales Post Biggest Increase in Nearly Three Years
Redfin - 11/15/2024
Existing home sales rose 1.6% month over month in October — the biggest gain since January 2022 — to a seasonally adjusted annual rate of 4,179,346. That’s according to a new report from Redfin.

With Election in The Rearview, Buyer Demand Emerges
National Mortgage Professional - 11/15/2024
Redfin saw its Homebuyer Demand Index jump more than 15% between November 7-11 to its highest level in a year-and-a-half, indicating more people were touring homes and researching for-sale listings online.

This week, mortgage applications increased by 0.5%; a new report shows that U.S. homeowners withdrew $48 billion in equity in the third quarter of 2024; a survey explains why homeowners would rather leverage their equity than sell; the median listing price fell for the third week in a row; the number of new listings on the market picked up compared with the same week last year; and active inventory increased, with for-sale homes 26.1% above year-ago levels.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 11/13/2024
Mortgage applications increased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending November 8, 2024. 

U.S. Homeowners Tapped Into Their Equity More in the Third Quarter
MortgageOrb - 11/11/2024
U.S. mortgage holders withdrew $48 billion of home equity in the third quarter – the largest such equity withdrawal volume in the two years since the Federal reserve first initiated its latest tightening cycle.

Weekly Housing Trends View — Data for Week Ending Nov. 9, 2024
Realtor.com - 11/14/2024
The median listing price fell for the third week in a row, the number of new listings on the market picked up compared with the same week last year and active inventory increased, with for-sale homes 26.1% above year-ago levels.

Homeowners Would Rather Leverage Home Equity Than Sell
National Mortgage Professional - 11/14/2024
A new survey from TD Bank shows that most homeowners think of their properties as precious financial assets, and two-thirds (66%) view their home as a source of generational wealth. 

IMB Production Profits Increase in Third Quarter of 2024
Mortgage Bankers Association - 11/14/2024
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $701 on each loan they originated in Q3 2024, an increase from the reported net profit of $693 per loan in Q2 2024.

The State of U.S. Foreclosure Activity: Rates, Starts, and Completions
MortgagePoint - 11/13/2024
According to ATTOM‘s October 2024 U.S. Foreclosure Market Report, 30,784 properties in the U.S. had foreclosure filings, such as default notifications, scheduled auctions or bank repossessions.

22% of U.S. Residents Are More Likely to Move Now That Election Is Over, With Many Considering a Different Country or State
Redfin - 11/13/2024
More than a third of U.S. residents (36%) are considering moving to another country, and 26% are thinking of moving to a different state. But 21% of all respondents say they are less likely to move now that the election is over.

Stable mortgage rates could drive 2025 home sales increase - NAR
Mortgage Professional America - 11/11/2024
With mortgage rates expected to settle around 6% and job growth continuing, National Association of Realtors chief economist Lawrence Yun sees a more favorable environment for buyers and sellers on the horizon.

VA Borrowers Are More than Twice as Likely as Conforming Borrowers to Have a Low Down Payment
Realtor.com - 11/11/2024
Over the past 12 months, nearly 3 in 4 (74.5%) home sales with VA loans had a 0% down payment and more than 8 in 10 (85.3%) VA loan home sales had a down payment below 10%. 

More Communication, Earlier, Homebuyers Plead
National Mortgage Professional - 11/12/2024
It takes more than just 'fast and fancy' to please mortgage borrowers, according to the latest J.D. Power study. It's not that artificial intelligence doesn’t help. But today’s borrowers often need a little hand holding, too.

This week, data shows that September home sales dropped to their lowest level since 2010, although new single-family home sales had their best performance in more than a year and a half; mortgage applications decreased 6.7%; TPO purchase originations accounted for almost a quarter of market share between 2018 and 2023; and the housing market has remained largely stable, aside from fluctuations in mortgage rates, which rose again for the fourth straight week.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 10/23/2024
Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Applications Survey for the week ending October 18, 2024.

Weekly Housing Trends View — Data for Week Ending Oct. 19, 2024
Realtor.com - 10/24/2024
The housing market has remained largely stable in recent weeks, aside from fluctuations in mortgage rates. While rates are expected to improve into 2025, recent short-term volatilities could continue until the end of the month.

TPO market share holds firm: report
Mortgage Professional America - 10/24/2024
The National Association of Mortgage Brokers’ 2024 Homebuyer Report shows that TPO purchase originations continued to hover around the 24% mark in market share between 2018 and 2023.

New Home Sales Surprises with a Strong September
Scotsman Guide - 10/24/2024
Sales of new single-family houses reached 738,000 on a seasonally adjusted annual basis, the best performance in more than a year and half.

Redfin Reports U.S. Home Prices Grew 0.5% in September, the Fastest Pace Since April
Redfin - 10/22/2024
Redfin reported that home prices rose by 0.5% from August and by 6% on a year-over-year basis. That’s the lowest annual increase since December, but the fastest month-over-month growth rate since April.

Here’s why mortgage rates are rising after the Fed’s rate cut
CNN Business - 10/24/2024
U.S. mortgage rates rose again this week, the fourth-straight weekly increase. That rise in borrowing costs has undone some of the relief Americans felt this summer when mortgage rates fell in anticipation of a rate cut.

Down Payments Ease in Q3, but Remain Near Recent Highs
Realtor.com - 10/22/2024
Down payments reached an average 14.5% and a median down payment amount of $30,300 in the third quarter of 2024. Both values were down from the 2024 Q2 historical peak (14.9%, $32,700), and down year-over-year.

Loans In Forbearance Increase In September
National Mortgage Professional - 10/22/2024
Though it rose only slightly from August by three basis points, the number of loans in forbearance increased to 0.34% as of September 30, according to the Mortgage Bankers Association’s Loan Monitoring Survey.

Single-Family Starts Trend Higher in September
Eye On Housing - 10/18/2024
Overall housing starts decreased 0.5% in September to a seasonally adjusted annual rate of 1.35 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

This week, data reveals that September new home mortgage applications increased 10.8% from last year; home sales rose 3.2% year over year during the four weeks ending October 13 – the biggest increase in three years; mortgage applications decreased 17% from one week earlier; rates climbed higher to 6.52%; and the median listing price has stabilized at year-ago levels as the housing market has continued on without any major shifts in recent months.

September New Home Purchase Mortgage Applications Increased 10.8 Percent
Mortgage Bankers Association - 10/17/2024
Applications for new home purchases declined in September, down 6% compared to August 2024, consistent with seasonal patterns, and continued to run ahead of last year's pace by 10.8%.

Weekly Housing Trends View — Data for Week Ending Oct. 12, 2024
Realtor.com - 10/17/2024
The median listing price stabilized at year-ago levels after falling annually for the last 16 weeks. In general, the housing market has carried on without any major shifts in recent months, despite falling mortgage rates.

Redfin Reports Rising Mortgage Rates Haven’t Yet Slowed Pending Sales
Redfin - 10/17/2024
Pending U.S. home sales rose 3.2% year over year during the four weeks ending October 13, the biggest increase in three years, according to a new report from Redfin.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 10/16/2024
Mortgage applications decreased 17.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Applications Survey for the week ending October 11, 2024.

Mortgage Rates Climb To 6.52%, Highest Since Early August
Financial Advisor - 10/16/2024
U.S. mortgage rates rose sharply for a second straight week, reaching the highest level since early August while prompting steep declines in both home-purchase and refinance activity.

Mortgage Credit Availability Decreased in September
Mortgage Bankers Association - 10/15/2024
Mortgage credit availability tightened slightly in September as lenders remained cautious in this uncertain economic environment. There was a decline in loan programs for cash-out refinances, jumbo and non-QM loans.

Home price growth slows, but buyers are still stuck
Mortgage Professional America - 10/16/2024
Single-family home prices increased by 5.9% from Q3 2023 to Q3 2024, a slight deceleration from the previous quarter’s 6.4% annual growth rate, according to the Fannie Mae Home Price Index.

Single-Family Permits Higher in August 2024
Eye On Housing - 10/16/2024
Over the first eight months of 2024, the total number of single-family permits issued year-to-date nationwide reached 685,923. On a year-over-year basis, this is an increase of 11.5% over the August 2023 level of 615,453.

Mortgage Lenders Have Work To Do When It Comes To Customer Service, Survey Says
National Mortgage Professional - 10/15/2024
In the inaugural American Customer Satisfaction Index results, released today, mortgage lenders come up short-handed for customer satisfaction with a debut score of 75, placing the industry on the lower end of the Index overall.

Why America's Housing Shortage Is So Hard To Fix
Financial Advisor - 10/14/2024
Fixing a problem more than a decade in the making won’t be easy, says Ali Wolf, chief economist for Zonda, which collects data on homebuilding.

This week, homebuyers locked in nearly 70% more mortgages by Sept. 23, 2024, than they did a month earlier; mortgage refinancing is expected to increase; real estate value and equity hit an all-time high in the second quarter of 2024; mortgage rates inched higher; mortgage applications decreased; and falling mortgage rates, now at a two-year low, have enhanced buying power by over $74,000 compared to October 2023.

Mortgage Rates Near 6% Are Enough To Start Up A Refinancing Wave
Financial Advisor - 10/3/2024
The business of refinancing mortgages is poised for takeoff, with volume last week nearly three times higher than in the same period a year ago, according to data from Mortgage Bankers Association.

Buyers Usher Into Market After Rate Cut
National Mortgage Professional - 9/27/2024
Homebuyers locked in nearly 70% more mortgages by September 23 than they did a month earlier. The sudden rise of mortgage rate locks came five days after the Fed cut interest rates for the first time in four years.

Household Real Estate Value and Equity Hit New High in 2024 Q2
Realtor.com - 10/1/2024
The total value of owner-occupied real estate, the value of all homes owned by those living in them, reached $48.2 trillion in 2024 Q2, marking the highest total home values ever recorded.

U.S. Home Price Insights – October 2024
CoreLogic - 10/1/2024
The CoreLogic HPI Forecast indicates that home prices will rise by 0.1% from August 2024 to September 2024 and increase by 2.3% on a year-over-year basis from August 2024 to August 2025.

Weekly Housing Trends View — Data for Week Ending Sept. 28, 2024
Realtor.com - 10/3/2024
Declining home prices and increasing inventory are perfectly timed for the Best Time to Buy week. Additionally, falling mortgage rates, now at a two-year low, have enhanced buying power by over $74,000 compared to October 2023.

September Saw Flat Pending Home Sale Activity, Easing Mortgage Lock-In Effect
National Mortgage Professional - 10/3/2024
Pending U.S. home sales were flat year-over-year for the four weeks ending September 29, the first non-decline since January, according to Redfin.

Mortgage rates inch higher
Fox Business - 10/3/2024
Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage inched up to 6.12% from last week's reading of 6.08%.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 10/2/2024
Mortgage applications decreased 1.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Applications Survey for the week ending September 27, 2024.

Homeowners Stuck as Prices Stall the Market
MortgagePoint - 10/2/2024
Nearly three-fourths of homeowners are hoping to move, but due to the current market conditions, many are putting their plans on hold, creating a backlog of buyers.

National Housing Affordability Improves Annually For First Time Since 2021
National Mortgage Professional - 9/30/2024
National affordability improved in August on an annual basis, marking the first positive year-over-year change since 2021. That's according to First American's latest Real House Price Index data for August, released today.

For the third straight week, mortgage rates fell; mortgage applications increased by 11 percent, while application payments decreased by 3.9 percent; pending home sales inched up 0.6 percent; home prices continue to reach all-time highs, although they have begun to decelerate on a monthly basis; and with lower rates and more inventory, the market is hoping for an upswing during what is considered the best time of the year to buy a home.

Mortgage Rates Fall For Third Week To Lowest In Two Years
Financial Advisor - 9/26/2024
Borrowing costs have fallen in five of the past six weeks, spurring more buyers to jump in from the sidelines.

Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Bankers Association - 9/25/2024
Mortgage applications increased 11.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Applications Survey for the week ending September 20, 2024.

Mortgage Application Payments Decreased 3.9 Percent to $2,057 in August
Mortgage Bankers Association - 9/26/2024
Homebuyer affordability conditions improved for the fourth consecutive month, with lower mortgage rates, rising incomes and slower home-price growth giving prospective buyers’ budgets a much-needed boost.

Weekly Housing Trends View — Data for Week Ending Sept. 21, 2024
Realtor.com - 9/26/2024
After last week’s Fed rate cut, another week of falling mortgage rates, and continued improvement in housing inventory, the market is abuzz, just in time for the Best Time to Buy.

NAR: Pending Homes Sales Barely Increased in August
MortgageOrb - 9/26/2024
Pending home sales inched up 0.6% in August compared with July but were down 3% compared with August 2023, according to the National Association of Realtors (NAR).

New-Home Sales Dip in August Despite Easing Mortgage Rates and Listing Prices
Realtor.com - 9/25/2024
Despite mortgage rates diminishing throughout the month and new-construction activity picking up, buyers purchased newly built homes at a slower pace in August than they did in July.

Record-High Home Prices Continue On S&P CoreLogic Case-Shiller's July Home Price Indices
National Mortgage Professional - 9/24/2024
Home prices continued to reach all-time highs in the S&P CoreLogic Case-Shiller Indices for July 2024, though they have begun to decelerate on a monthly basis.

Mortgage forbearance requests increase as labor market softens
Mortgage Professional America - 9/24/2024
The Mortgage Bankers Association reported that the total percentage of mortgage loans in forbearance increased to 0.31% by the end of August, up from 0.27% in July.

It’s not a great fall housing market, but this is ‘as good as it gets,’ economist says
CNBC - 9/25/2024
Lower mortgage rates make monthly mortgage payments more affordable. In some places, cheaper than rent, per a Zillow analysis.

Despite Lower Mortgage Rates, Buyers Won't Bite
National Mortgage Professional - 9/25/2024
Redfin's latest report found that housing activity has been moving at a snail's pace for the past five months.