With the last FOMC meeting and interest rate cuts of the year in the rear-view mirror, combined with typical holiday time slowdowns, economists were not surprised to see a decrease in mortgage applications this week. According to the latest Mortgage Bankers Association (MBA) report, the Market Composite Index—the measure of mortgage loan activity volume—decreased 3.8%…
As 2025 comes to a close, affordability has stabilized somewhat for many homebuyers, according to the latest National Association of Realtors®’ (NAR) Housing Affordability Index. NAR’s data saw the qualifying income needed to buy a home decrease slightly to $100,272 in October (based on a 25% qualifying ratio for monthly housing expense to gross monthly…
As we head into 2026, mortgage rates are expected to remain in line with today’s rates, which, while not the sharp decline some buyers may have been hoping for, are enough to see modest home price growth in the new year, economists predict. The latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday,…
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The lock-in effect—the gap between existing mortgage payments and the cost of financing a home today—continues to widely affect housing supply and is “trapping” homeowners into staying where they are, according to new data from Realtor.com®. The new Realtor.com report details how a homeowner wishing to move but locked-in at a lower mortgage rate…
Home purchase application activity continues to fluctuate with an increase this past week but mortgage watchers say the bigger picture shows applications overall running ahead of a year ago as market conditions continue to mark gradual improvement. According to the latest Mortgage Bankers Association (MBA) report, the Market Composite Index—the measure of mortgage loan activity…
Delistings are rising as sellers are pulling back from the market in response to a lack of offers from buyers, primarily due to continued affordability challenges, according to the latest data from Realtor.com®. Realtor.com’s Monthly Housing Trends Report for November found that delisitings have risen 45.5% year to date and 37.9% year-over-year, which are the…
This year is on track to end with a slower than average housing market, but will 2026 kick real estate into high gear? The 2026 housing forecast from Bright MLS projects another “transition year” for housing, with slight pick-ups in market fundamentals but enduring challenges for first-time buyers, as well as strong differences between regional…
Mortgage rates improved for the second straight week according to new Freddie Mac data, showing a continued lean toward a more affordable market in the fast approaching 2026. The latest Primary Mortgage Market Survey® found that the 30-year fixed rate mortgage (FRM) averaged 6.19%, down from last week when it averaged 6.23%. A year ago…
Home purchase application activity fluctuated over the Thanksgiving holiday period, both increasing and decreasing over the past few weeks. This week mortgage activity saw a slight decline. According to the latest Mortgage Bankers Association (MBA) report, the Market Composite Index—the measure of mortgage loan activity volume—decreased 1.4% from one week earlier on a seasonally adjusted…
After a period of relatively steady activity, home purchase applications fell back this week as mortgage rates reached recent multi-week highs. The Mortgage Bankers Association (MBA) reports that the market composite index—the measure of mortgage loan activity volume—decreased 5.2% from one week earlier on a seasonally adjusted basis for the week ending Nov. 14, following…
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