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…
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…
Chocolate brown is back, and this time, it could add approximately $2,277 to a home’s offer price, according to Zillow’s 2026 Paint Color Analysis. The study found that buyers are increasingly drawn to warm, inviting colors, which increasingly outperform traditional all-white walls in key living spaces. “White will always be a timeless, versatile choice, but…
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.…
Nonprofit research organization The Conference Board’s Leading Economic Index (LEI) for the U.S.—which provides an early indication of significant turning points in the business cycle and where the economy is heading—increased slightly by 0.1% in May to 99.3, following a 0.2% increase in April, with plenty of uncertainty still around the future. After these two…
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…
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…
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…
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…
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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