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…
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…
Privately owned housing starts in October were at a seasonally adjusted annual rate of 1,246,000, 4.6% below the revised September estimate of 1,306,000 and 7.8% below the October 2024 rate of 1,352,000, according to a Jan. 9 report from the Census Bureau and the Department of Housing and Urban Development (HUD). The starts fell to…
Don’t rely on national housing market headlines to understand your local market; that’s the key takeaway from Realtor.com®’s December monthly housing report, which reveals how dramatically individual metros diverged from broader trends throughout 2025. The report introduces a new framework for understanding these local differences: “benchmarkets” versus outliers. Benchmarkets are metros whose inventory and price…
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…
While mortgage rates dropped to their lowest level since September, applications for home purchases were down nearly 10% from two weeks prior. Despite the mixed trends, mortgage watchers expect rates to remain at current levels with periods of increased refinances. According to the latest Mortgage Bankers Association (MBA) report, the Market Composite Index—the measure of…
Freddie Mac’s last mortgage report of 2025 released earlier this week on New Year’s Eve saw the average mortgage rate hit its lowest level of the year, a positive sign for home shoppers as the holiday season comes to a close and eyes turn toward 2026’s peak buying season in the months ahead. The latest…
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A cooling labor market reported this week with unemployment rising slightly, while in line with expectations, did little to move mortgage rates, economists report. The latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday, shows the 30-year fixed-rate mortgage (FRM) averaging 6.21%, a slight decline of one basis point from last week’s rate…
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%…
Editor’s note: this is part one of a two-part series—look for part two in our upcoming newsletters. 2025 was another whirlwind year for real estate, with industry professionals facing ups, downs and everything in between. The industry saw a lot of major developments, and it can be hard to keep track of everything—from historical tariffs…
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