Following a slight average mortgage rate increase this week, economists are pointing to a slow summer housing market ahead and even a possible interest rate increase, but recent housing reports show the market continues to hold steady. The average 30-year fixed mortgage rate increased to 6.52% from 6.48% last week, according to the latest Primary…
Despite mortgage rates remaining elevated due to ongoing economic pressures stemming from the Middle Eastern conflict, the market continues to paint a picture of resilience as this spring sees many signs grow historically better. Zillow’s May Market Report saw monthly mortgage payments on a typical home (currently valued at $368,720) clock in at $1,861 (assuming…
The spring 2026 housing market continues to prove much more resilient than previous years. The increase in pending home sales that sparked “cautious optimism” in April did indeed materialize into an increase in existing-home sales in May, according to the latest data from the National Association of Realtors® (NAR). NAR’s Existing-Home Sales report saw sales…
Mortgage rates saw some slight improvement this week, falling 5 basis points after three weeks of increases, but it seems the housing market can’t catch a break as economists note that inventory challenges have returned in many areas. The average 30-year fixed mortgage rate decreased to 6.48% from 6.53% last week, according to the latest…
After two brutal years in the housing market, hopes were high that 2026 would see a gradual rebound. But those hopes haven’t materialized as potential buyers see misalignment between their incomes and active home listings, according to a new report from the National Association of Realtors® (NAR). As of March 2026, 74.9% of U.S. listings…
While mortgage rates continue to tick up amid continued economic uncertainty, economists note the spring market is proving more resilient than expected, mainly due to rates remaining much lower than a year ago at this time. The average mortgage rate increased 2 basis points to 6.53%, up from 6.51% last week, according to the latest…
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A new housing affordability index from the University of San Diego reveals that the total cost of homeownership surpassed renters’ income in some of the nation’s largest metros at the end of 2025. As the data shows, there’s a lot more that goes into the housing affordability equation that can make—or break—homebuyers’ ability to purchase…
In the ever-going search for affordability in the market, new research identifies that while prices may be higher on newly built homes, they cost less in the long run for homebuyers than existing homes. Realtor.com®’s new report on the total cost of homeownership found that homebuyers purchasing newly built homes can save $25,335 on average…
Mortgage rates ticked down slightly this week despite inflation concerns rising after this week’s CPI report. The average mortgage rate decreased 1 basis point to 6.36% down from 6.37% last week, according to the latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday. Bright MLS Chief Economist Lisa Sturtevant said mortgage rates may…
We are now five months into 2026—rapidly approaching the halfway point—and so far the year has thrown some definite curveballs at the real estate industry. This year was widely expected to be a year of stabilization and normalization for the housing market, and Q1 (January-March) is largely the stage-setter for how the rest of the…
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