Better mortgage spreads boost housing demand in 2025
The improvement in mortgage spreads since 2023 has contributed to a noticeable positive trend in purchase application data for 2025.
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Mortgage demand still staying firm with elevated rates
As the spring home-buying season winds down, the demand for mortgages is holding steady, even with the higher rates.
The labor market is still keeping mortgage rates elevated
To get mortgage rates below 6% with duration, we need to see the labor market break, which hasn’t happened yet.
Easter-driven home sales dip masks recent growth
Last week’s pending home sales fell to 68,000 single-family contracts, a Easter lull that marks the first sub-2024 weekly tally in six weeks.
Mortgage rates settle down after wild ride
Last week, mortgage rates and the 10-year yield slowly moved lower as the week progressed. Can this relative calm last?
Home sales stay surprisingly positive even with higher rates
Our weekly data showed surprisingly positive year-over-year growth in housing demand following the first reversal from lower rates this year.
Did recent wild mortgage rate swings impact housing data?
Until the markets gain some clarity on the tariffs, the economic data is taking a back seat. Mortgage rates and purchase apps are up.
Lower mortgage rates are spurring housing demand
Without the recent tariff developments, the 10-year yield would not have dipped below 4% and mortgage rates would be higher.
How much lower can mortgage rates go with all this drama?
This economic variables this week — between tariffs and jobs data and Fed speeches — have the potential to drive mortgage rates lower.
Lower mortgage rates driving early spring home sales
We’ve seen positive year-over-year growth with most of the weekly data in 2025, despite mortgage rates not being at 6%.