‘In a holding pattern’ is how economists are describing the spring market moving into April, with more policy stability and conflict resolution needed to move buyers and sellers back from the sidelines. The average mortgage rate ticked down 9 basis points to 6.37% this week, down from 6.46% last week after several weeks of increases,…
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At the latest Federal Open Market Committee (FOMC) meeting in March, the Federal Reserve voting committee chose to keep interest rates unchanged. The release of the Fed Minutes, documenting members’ thought processes and economic projections during the meeting, showed that the commencement of the U.S. and Israel’s war with Iran unsurprisingly added a major new…
Data tracking home purchase and refinance applications showed decreases in both indexes again this week in the wake of ongoing economic uncertainty and steadily rising mortgage rates. According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases and refinances—decreased 0.8% on a seasonally…
The brief moment of lower mortgage rates, coupled with some bettering signs in affordability, have led to a margin of improvement in housing inventory and the market as a whole, according to new data. Zillow’s March Market Report found that pending listings (listings that changed from for-sale to pending status rather than closed sales) grew…
The average 30-year fixed mortgage rate increased for the fifth consecutive week, rising to 6.46% as the ongoing war in Iran continues to roil financial markets, economists said. The average mortgage rate ticked up 8 basis points to 6.46% this week, according to the latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday,…
Signs of a spring bloom in the housing market are finally at hand, but the potential for that growth could be curtailed by looming geopolitical headwinds, according to the latest data. Realtor.com®’s March 2026 Monthly Housing Trends Report found that both active and new listings grew month-over-month and year-over-year, despite rises in mortgage rates and…
With mortgage rates climbing to their highest point since August recently, the role of steadily increasing home purchase application and refinance activity has reversed, with both indexes by the Mortgage Bankers Association (MBA) showing sharp decreases this week. According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan…
While conflict continues to brew in the Middle East, mortgage rates continue to rise due to the war’s effect on oil prices, according to the latest Freddie Mac data. Freddie Mac’s latest Primary Mortgage Market Survey found that the 30-year fixed-rate mortgage (FRM) averaged 6.38% as of March 26, 2026, up from last week when…
While many across the industry were predicting interest rate cuts and a transition to a more balanced economy in 2026, the year so far has been shaping up a bit differently. Inflation remains elevated, mortgage rates are facing difficulty due to rising geopolitical tensions in the Middle East, and the Federal Reserve has yet to…
While mortgage rates hit a high for the year so far, reflecting escalating geopolitical tensions in the Middle East, analysts point to average rates still remaining below year-ago levels and offering some improvement to buyers purchasing power. The average mortgage rate ticked up 11 basis points to 6.22% this week, up from 6.11% last week,…
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