We have had three weeks of positive year-over-year growth in both purchase application data and weekly…
Tag: Purchase Applications
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…
Can mortgage rates go even lower?
If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage…
Housing inventory falls as mortgage rates drop
Have we seen the peak in housing inventory for 2024? The best part about 2024 has…
New listings have peaked for 2024: It’s the second-lowest year on record
Here are the number of listings for last week over the previous several years: 2024: 68,407…
Housing inventory up almost 40% over last year
Weekly housing inventory data I know I shouldn’t count a kickback holiday week as positive inventory…
Mortgage rates head lower, helped by better mortgage spreads
If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage…