Listed Inventory Levels Tick Up
As expected, the net number of condos and single-family homes listed for sale in San Francisco ticked up another 7 percent over the past week and is poised to climb,…
Number of Homes for Sale in San Francisco Poised to Climb
The net number of condos and single-family homes listed for sale in San Francisco has started its seasonal climb, ticking up a little over 21 percent over the past two…
Benchmark Mortgage Rate Drops to a 4-Month Low, But…
The average rate for a benchmark 30-year mortgage dropped 18 basis points (0.18 percentage points) over the past week to 6.15 percent, which is the lowest average rate in fourth…
Purchase Mortgage Activity Drops to a 9-Year Low
The seasonally adjusted volume of applications to secure a purchase mortgage loan for a home in the U.S. ticked down another (1) percent over the past week. As such, purchase…
Mortgage Rates Inch Up, Odds of More Rate Hikes As Well
While mortgage application volume dropped to a quarter century low at the end of 2022, despite a pullback in mortgage rates in the fourth quarter of last year, the average…
Mortgage Application Volume Ended 2022 Near a 30-Year Low
With the seasonally adjusted volume of applications for purchase mortgage loans across the U.S. having dropped 12 percent over the last two weeks of last year, purchase mortgage application volume…
Benchmark Mortgage Rate Inches Down, But…
The average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage points) over the past week to 6.27 percent but remains 106 percent higher than…
New Home Demand Down 25 Percent, Average Loan Size Drops
While the number of new homes on the market across the nation is approaching a 15-year high, with over 20 percent more inventory than at the same time last year,…
Homebuyer Sentiment Remains Low Despite Drop in Rates
As expected, the average rate for a benchmark 30-year mortgage dropped another 16 basis points (0.16 percentage points) over the past week to 6.33 percent but remains over twice as…
Demand Drops in “Rapidly Cooling Home-Price Environment”
With the average loan size on applications to purchase a home across the nation having dropped to a two-year low, which, in the euphemistic words of the Mortgage Bankers Association,…