Competition for HELOC business heats up as home equity grows
MBA panelists highlighted the chance for loan officers to originate more HELOCs and other second-lien mortgages as the housing market sags.
Mortgage Rates
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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.
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.
Why this week’s Fed meeting is critical for mortgage rates
The Fed has adjusted its inflation targets, primarily in response to the trade war and the anticipated shortages if agreements aren’t reached.
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.
6 charts that show storm clouds brewing over the spring homebuying season
The housing market is facing unprecedented uncertainty and volatility headed into the spring buying season. Recent reports and data signal that the impacts are setting in.
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.