It has been almost two months since mortgage rates spiked again, and my initial thought was…
Tag: Purchase Applications
Mortgage rates dodge a bullet — for now
Last week we were at risk of breaking a key level in the bond market, which…
Housing inventory drops noticeably on election week
The seasonal housing inventory peaks and bottoms have happened later than usual in the past few…
Why home prices are holding steady despite higher rates
Home prices have remained firm over the last two months, even with higher mortgage rates and…
Housing inventory fell last week. Have sellers called it quits?
Since mid-2022 when mortgage rates headed higher, two facts have been apparent: new listings data has…
Why housing demand is now showing year-over-year growth
We have had three weeks of positive year-over-year growth in both purchase application data and weekly…
Have higher mortgage rates already reversed housing demand?
The Federal Reserve cut rates by 0.50% on Sept. 18 and mortgage rates and bond yields…
Housing demand firming up with lower mortgage rates
Housing demand is very seasonal, so the fact that our pending contract data is firming up…
Are these the lowest mortgage rates we’ll see in 2024?
Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride…
Lower mortgage rates attracting more homebuyers
An often misguided premise I see on social media is that lower mortgage rates are doing…