Mortgage rates ticked up for a second week but remained under 7%. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.67%, up slightly from the week prior’s 6.65%. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.87%. Fifteen-year rates also ticked up to 5.83% from 5.80%. Last year,…
Existing home sales rebounded unexpectedly last month, surprising analysts as buyers took advantage of cooling rates and rising inventory. Sales increased 4.2% to a seasonally adjusted annual rate of 4.26 million, according to the National Association of Realtors. They were down 1.2% from the year prior, however. The South and West registered growth, while the…
Mortgage applications reversed an upward streak as a jump in rates hurt refinance activity. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — dropped by 6.2%, flipping from the week prior’s 11.2% jump. The dip coincides with mortgage rate increases. The 30-year…
Buyers could be enticed back to the housing market in time for the spring buying season. That’s according to a new analysis from Zillow, which found that market conditions have rebounded in buyers’ favor over the course of the month. Rates are sitting at their lowest point since December 2024, while annual home value growth…
After a weeks-long downward trend, mortgage rates stopped in their tracks, inching up just barely. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.65%, up slightly from the week prior’s 6.63%. This is the first increase in seven weeks. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.74%….
More Americans are stepping out for the early stages of home shopping as rates have cooled, but few are actually pulling the trigger. That’s according to a new analysis by Redfin, which found that while purchase applications and Google searches of “homes for sale” are up 10% on the month, home sales haven’t increased at…
Mortgage lock volumes increased last month, but continued improvement depends on the economy moving into the spring buying season. Mortgage Capital Trading reported a 27.9% increase in mortgage lock volume month-over-month in February, following a typical seasonal pattern after December and January. MCT suggests that the trend looks good for the upcoming spring buying season,…
Mortgage applications increased for a second week as rates sank to 6.67%. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — jumped by 11.2%, adding to the week prior’s 20.4% drop. Adjusted purchase applications were up 7%, while the unadjusted index increased…
Mortgage rates sank more than 10 bps last week, but buyers are souring on the housing market as they’re battered by economic uncertainty and unaffordability. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.63%, down from the week prior’s 6.76%. This is their lowest point since September 2024 and the seventh…
By KIMBERLEY HAAS President Donald Trump did not bring up the housing crisis and barely mentioned mortgage rates as he addressed a joint session of Congress on Tuesday night. Speaking before the body for the first time since retaking office, Trump highlighted his administration’s accomplishments and laid out a vision for the future, saying the…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!