The Mortgage Bankers Association is attributing an increase in home-purchase applications this week to mortgage rates edging down slightly following a decline in oil prices and easing tensions in the Middle East. The latest Market Composite Index from the MBA—its measure of mortgage loan activity volume and includes purchases and refinances—shows mortgage application activity increasing…
Home-price growth continues to cool and provide relief to priced-out prospective homebuyers throughout the first half of this year, as the latest S&P Cotality Case-Shiller U.S. National Home Price NSA Index saw an “essentially flat” report in April, as characterized by Nicholas Godec, head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices.…
As pending sales and existing home sales showed modest improvement in May, economists say despite mortgage rates remaining around 6.5%, homebuyers seem to be adapting to the current environment. The average 30-year fixed mortgage rate increased 2 basis points to 6.49% from 6.47% last week, according to the latest Primary Mortgage Market Survey® (PMMS®), released…
For the first time since 2023, more than half of consumers say that buying a home is a better option than renting, per the latest findings from Bank of America, a potentially positive sign for the near-future housing market amid broader economic uncertainty. The bank’s 2026 Homebuyer Insights Report found that 53% of 2,000 respondents…
Mortgage rates remain elevated but application volume remains higher than last year at this time, according to the latest data from the Mortgage Bankers Association (MBA). The latest Market Composite Index from the MBA—its measure of mortgage loan activity volume and includes purchases and refinances—shows little change in application activity this week, increasing 1.0% on…
Homebuyers with kids might be advised not to land on a home too small if they intend to stay there, as a new report explains that their offspring may very likely be with them there past college years. A record 25.2 million adults under 35 lived with their parents in 2025, surpassing even the pandemic…
The post Empty Nest on Hold: 1 in 3 Adults Under 35 Haven’t Moved Out appeared first on RISMedia.
Mortgage rates lowered this week following a ceasefire agreement with Iran, a trend economists say may be more promising in light of a signed agreement by President Trump. The average 30-year fixed mortgage rate decreased to 6.47% from 6.52% last week, according to the latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday.…
The Mortgage Bankers Association is pointing to a combination of economic and geopolitical forces ultimately netting a decrease in mortgage application activity this week. The latest Market Composite Index from the MBA—its measure of mortgage loan activity volume and includes purchases and refinances—shows application activity decreasing 3.8% on a seasonally adjusted basis from a jump…
With housing affordability weighing heavily on the minds of U.S. home buyers, a new report isn’t moving the needle in the right direction in a new record number of cities that now have starter homes beginning at a minimum of $1 million. According to new analysis from Zillow, the number of cities with $1 million…
Broward County home sales posted year-over-year gains for the third consecutive month in May, fueled by rising luxury transactions, increased dollar volume and continued demand across South Florida, according to the latest housing statistics released by MIAMI REALTORS® + RWorld, the MIAMI MLS and BeachesMLS. Total home sales increased 0.9% year-over-year in May 2026, with…
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