Lenders witness surge of mortgage demand this week
New American Funding’s Patty Arvielo shared that Tuesday was NAF’s best day for applications in three years. Can it continue?
Purchase Applications
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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.
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.
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.
Bond yields fall after tariff news. Are mortgage rates next?
Anticipated reciprocal tariffs sent the 10-year yield plummeting from 4.23% to 4.11%, currently trading at 4.13%.
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%.
Lower mortgage rates spark housing demand heading into spring
Lower mortgage rates are breathing new life into the market, pushing purchase application data into positive territory for the year.
Have lower mortgage rates boosted housing demand yet?
Does a promising increase in purchase applications indicate that the housing market is beginning to wake up just in time for spring?