Housing demand stays positive with mortgage rates near 2026 highs
Weekly pending sales increased to 75,935 versus 69,636, and purchase apps were up 7% year over year despite higher mortgage rates.
Mortgage Rates
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Housing inventory just turned negative year over year
Housing inventory turned negative year over year as supply hit 795,921 vs 803,479 last year, with rates at 6.56%.
What happens to mortgage rates if the Iran conflict is over?
Getting the 10-year yield and mortgage rates to pre-conflict lows will be harder than people think even if this conflict is truly over.
Housing demand stays firm, pushing inventory close to negative YOY
Even if we go negative year over year soon, we are in a much healthier spot with inventory than we were from 2020 to 2023.
Mortgage rates are at yearly highs, but housing demand is still positive
Pending sales rose to 78,006 and purchase apps rose 7% yearly, even as mortgage rates hit highs and yields neared 4.60%.
How loan officers are saving deals as mortgage rates cross 6.6%
Loan officers are shifting their playbooks to keep deals alive as mortgage rates climb north of 6.6%.
Real estate agents hope Kevin Warsh can calm roller coaster housing market
For agents, the questions are straightforward. Will borrowing costs finally ease? Will potential buyers regain needed homeownership footing?
Positive housing demand leads to inventory almost going negative YOY
Pending sales rose to 79,220 vs 74,212 last year as rates dipped to 6.42% and inventory growth slowed to 1.49% year over year.
Mortgage spreads are the only thing keeping rates under 7%
If mortgage spreads were at the highest levels from 2023-2025 with the 10-year yield at this level, mortgage rates would be over 7%.
Housing demand shockingly positive even as the Iran war continues
Housing demand rebounded last week even though the war with Iran continues and mortgage rates are higher today than before the war started.