December housing demand near 3-year high as spreads improve
Mortgage purchase applications hit a three-year high as improved spreads and lower rates drive 18 weeks of growth.
Purchase Applications
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December housing data provides early signals for 2026 market
December’s housing data, especially purchase apps and inventory, will offer a preview of 2026 market conditions as rates hold steady.
Total pending home sales reach multiyear high with mortgage rates near 6%
This year we have benefited from mortgage rates remaining below 6.64% for the last 16 weeks, spurring total pending home sales.
Housing inventory falls as demand picks up
The growth rate of housing inventory has slowed by half, but remains up year over year for a healthier market.
Mortgage spreads hit lowest level in years, keeping rates near 6%
Improved mortgage spreads have been key to lowering rates near 6% in 2025, enhancing the housing market’s stability.
Weekly home sales look stronger than normal, but there’s a catch
Recent housing data shows volatility due to holiday effects and an AWS outage, impacting pending sales and inventory figures.
MBA forecasts $2.2T mortgage origination in 2026
Purchase originations are forecast to increase 7.7% to $1.46T next year and refinance originations are expected to increase 9.2% to $737B.
Did housing inventory peak in August this year?
Housing inventory may have peaked early this year, marking an unusual shift in market trends that affects both buyers and sellers.
Why has housing inventory growth slowed?
Housing inventory growth has slowed in 2025 due to early peak listings, changing mortgage rates, and seller withdrawals.
Mortgage spreads are the hero of the 2025 housing market
Mortgage spreads are the hero of housing in 2025, quietly helping housing demand pick up even when nobody else notices.