Mortgage rates stay calm before possible tariff enforcement
Last week, the housing data demonstrated stability even as we approached potential tariff enforcements starting on Saturday.
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Mortgage rates fell last week. Can they go lower?
Mortgage rates fell last week after a brutal few months of rising rates. The question now is whether rates can keep going lower.
Mortgage applications for new homes are 9% higher than a year ago
MBA builder application survey data for December highlighted 9% year-over-year growth in loan applications for new homes.
Housing demand positive, but at risk from higher mortgage rates
Our weekly pending contract data is still positive, but only by 1%, as demand growth has slowed amid higher mortgage rates.
Has spring housing demand already started?
I believe that spring demand actually started in November this year. — a trend that’s been evident in rising sales data.
Mortgage demand drops 22% during holidays as rates move higher
Rising mortgage rates suppressed applications in the MBA’s final mortgage applications survey index of 2024, released on Thursday. Unsurprisingly, application volume dropped significantly even with a seasonal adjustment to account for the holidays.
Rising inventory is the most positive housing market story in 2024
The most positive development in the housing market over 2024 has been the increase in active housing inventory,
Housing market data positive despite Powell’s Grinch act
Fed Chairman Jerome Powell played the Grinch last week, but there are plenty of positive signals in the housing market data headed into 2025.
Housing demand resilient even with higher mortgage rates
Despite higher mortgage rates last week, housing demand is displaying some festive resilience as we are seeing a seasonal bounce.
Housing demand still showing double-digit growth
Last week, we witnessed a Santa Claus rally in mortgage rates amid improved housing demand. What will happen in the next few weeks?