This week saw a decrease in overall home purchase applications but the average mortgage rate held steady at or around three-year lows. The latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday, shows the 30-year fixed-rate mortgage (FRM) averaging 6.10%, a slight increase of 1 basis point from last week’s rate average of…
With predictions flooding in left and right from real estate economists suggesting that 2026 will be an improved year for housing, recent data from ATTOM supports this view—showing that home sale trends that began in 2025 will pave the way toward normalization in the market throughout 2026. ATTOM’s Year-End 2025 U.S. Home Sales Report found…
The real estate industry is viewing 2026 with hearts full of hope. After a challenging few years since the pandemic, the housing market is due for a rebirth. Economists’ predictions across the board have shown a better future on the horizon, and Bright MLS Chief Economist Lisa Sturtevant is one of them. In her opinion,…
With the spring homebuying season approaching, lower mortgage rates are a welcome development for households looking to buy a home. That’s the sentiment of some industry mortgage watchers as rates have hit recent record lows and applications for home purchases have seen solid increases over the past two weeks. The latest Primary Mortgage Market Survey®…
The last two weeks of mortgage application metrics have shown sizable increases. According to the latest Mortgage Bankers Association (MBA) report, the Market Composite Index—the measure of mortgage loan activity volume—increased 14.1% from one week earlier on a seasonally adjusted basis for the week ending Jan. 16, following last week’s notable 28.5% increase for the…
As mortgage rates have hit their lowest level in over three years, expectations of reaching a more affordable market in 2026 have grown dramatically. On this optimistic track, a new Zillow analysis states that mortgage payments should be affordable by year’s end for several major markets, the most since 2022. In the case of the…
President Donald Trump has floated several controversial ideas to help make housing affordable again. But his latest pitch—allowing Americans to tap 401(k) plans and 529 education savings accounts without penalties to fund their down payments—could have lasting financial consequences even if it helps with some upfront homeownership costs. According to a report from Politico, the…
Americans from all walks of life are feeling heightened anxiety about their finances — and that could dampen the housing market’s recovery, according to a new survey from Bright MLS. The survey of more than 3,300 adults found that a majority of Americans are worried about money across the board. However, this concern is felt…
Due to last year’s government shutdown, the latest new-home sales data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD) has been held up until now—and the results suggest cause for optimism. During October 2025, 737,000 new units were sold in the U.S. This is down slightly from September 2025…
With little change in the average mortgage rate expected over the coming weeks, home shoppers are seeing some positive signs as the market moves toward the traditional busy buying season. The latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday, shows the 30-year fixed-rate mortgage (FRM) averaging 6.16%, a one-basis-point increase from last…
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