Home Buying Activity in the U.S. Drops
Having briefly rebounded last week, purchase mortgage application volume for existing homes in the U.S. has since dropped 9 percent in the absolute and 10 percent on a seasonally adjusted…
As Office Vacancy Rate Climbs, Another Shoe Is Poised to Drop
The effective office vacancy rate in San Francisco ticked up to just under 25 percent in the first quarter of this year, representing over 21 million square feet of vacant…
Benchmark Mortgage Rate Holding Firm at Over 6 Percent
The average rate for a benchmark 30-year mortgage effectively held over the past week, inching down 1 basis point (0.01 percentage point) from 6.28 to 6.27 percent. As such, the…
Home Buying Activity Rebounds, Only Down 31 Percent YOY
With the average rate for a benchmark 30-year mortgage having ticked down to a 2-month low, the volume of applications to secure a purchase mortgage loan for a home in…
Home Buying Activity Suddenly Drops Despite a Drop in Rates
Following four weeks of increasing activity, which is typical for this time of the year, the volume of applications to secure a purchase mortgage loan for a home in the…
Asking Rents in S.F. Holding Below Pre-Pandemic Peaks
With inflation having slowed, as we previously reported, the weighted average asking rent for an apartment in San Francisco is effectively holding at around $3,600 per month, which is 6…
Benchmark Mortgage Rate Ticks Down but Holding at Over 6%
The average rate for a benchmark 30-year mortgage ticked down 10 basis points (0.10 percentage points) over the past week to 6.32 percent. Or as we outlined last week, “the…
Home Buying Activity Inches Up, Only Down 35 Percent YOY
The volume of applications to secure a purchase mortgage loan for a home in the U.S. inched up 2 percent last week on both an absolute and seasonally adjusted basis,…
Benchmark Mortgage Rate Drops, Poised to Tick Down
Measured prior to yesterday’s quarter-point rate hike by the Fed, the average rate for a benchmark 30-year mortgage had dropped another 18 basis points (0.18 percentage points) over the past…
Benchmark Mortgage Rate Ticks Down to 6.6 Percent, But…
With all the volatility in the financial markets, the average rate for a benchmark 30-year mortgage ticked down 13 basis points (0.13 percentage points) over the past week to 6.60…