Today’s mortgage rates are showing a welcome bit of stability. The national average for a 30-year fixed-rate mortgage is currently sitting around 6.21%, a figure that’s thankfully lower than it was a year... Read more »
Mortgage applications dropped recently, mainly because interest rates ticked up a bit following a key meeting by the Federal Reserve’s policy group. It can feel like a bit of a rollercoaster, can’t... Read more »
Quick Read Homebuyer demand for mortgages remains near 2025 highs despite a slight weekly decline, with purchase loan applications up 19% year-over-year per the Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey.... Read more »
New home sales grew over last month in the latest Census report, but homebuilders are now facing a supply issue — their inventory is building up. This is the reason why housing... Read more »
Jeff Greenberg | Universal Images Group | Getty Images Mortgage rates moved markedly higher last week, causing overall mortgage demand to drop. Total application volume fell 0.7% compared with the previous week,... Read more »
The holiday season is here, and despite higher mortgage rates last week, housing demand is displaying some festive resilience. Typically, we expect a decrease in activity with elevated rates, but a seasonal... Read more »
Mortgage applications increased 5.4% on a seasonally adjusted basis during the week ending Dec. 6, stemming from a 27% jump in refinance activity, according to a report released Wednesday by the Mortgage... Read more »
Last week, we witnessed a Santa Claus rally in mortgage rates alongside improved housing demand. The economy continues to create jobs, with wages growing at an annual rate of 4%. We also... Read more »
It has been almost two months since mortgage rates spiked again, and my initial thought was this would tank housing demand. We had a positive 18-week period with purchase applications before mortgage... Read more »