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News for: Housing Market
Showing 241 - 264 of 308 results
Jun 8, 2025 9:03 PM
— Housing Market
Study: Owning a home costs over $21,000 a year in hidden expenses
Bankrate conducted a study on the hidden costs of homeownership in the U.S. in 2025, finding that the average annual costs amount to $21,400 per year. These hidden costs include property taxes, homeowners insurance, utilities, internet and cable bills, and maintenance and repairs. Homeownership costs have climbed in recent years due to inflation, rising interest rates, and a competitive housing ma... more
Jun 5, 2025 10:00 AM
— Housing Market
Mortgage rates ease, but many house hunters still need hacks
Despite a slight decline in 30-year fixed-rate mortgages, overall mortgage rates have not seen significant changes this year. Affordability remains a challenge for homebuyers as home prices continue to rise. While some believe that lowering mortgage rates could stimulate the housing market, the impact may be limited if home prices keep increasing. For many buyers, the amount of money needed for a ... more
Jun 4, 2025 9:00 AM
— Housing Market
MBS Pooling, HELOC, Verification Tools; Listings Hit All-Time High; Marginal Costs to Produce a Loan
The housing market in the US is currently facing an inventory surplus with home sellers sitting on nearly $700 billion worth of listings, an all-time high. There are nearly 500,000 more sellers than buyers, leading to potential impacts on home prices. The NAR Chief Economist predicts an increase in existing and new home sales, along with a rise in median home prices and mortgage rates in the comin... more
Jun 2, 2025 2:00 AM
— Housing Market
America's housing market is cracking
After more than two years of continuous price increases, the American housing market is showing signs of fatigue. Home prices are starting to fall, unsold inventory is piling up, and buyers are walking away from deals. Mortgage rates around 7% and economic uncertainty from tariffs are causing buyers to hesitate. Luxury buyers are also backing away. Real estate agents are witnessing a shift towards... more
Jun 2, 2025 2:00 AM
— Housing Market
May mortgage applications for home purchases surge 27%, setting new Dutch record
The Dutch mortgage market hit a new record in May with a surge in home purchase applications, driven by anticipated changes in interest rates. The majority of applications were for home purchases, showing a shift in market dynamics. The average mortgage amount and home value also increased compared to the previous year.
Jun 1, 2025 3:01 AM
— Housing Market
3 reasons it's a great time to buy a home, according to Compass' CEO
CEO of Compass, Robert Reffkin, believes now is a good time to buy a home due to high housing inventory, lower prices, and relatively lower borrowing costs. He predicts prices may fall slightly in the second half of 2025. Pending home sales dropped in April, but Reffkin expects a rebound in May due to easing fears surrounding tariffs.
May 31, 2025 4:00 AM
— Housing Market
Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market
The U.S. housing market has more sellers than buyers, resulting in less competition for home listings and pressure on sellers to lower prices. Mortgage rates have been rising since 2022, affecting home sales. Some sellers have reduced prices or offered incentives. The market imbalance is expected to lower home prices by 1% by the end of the year. Despite favoring buyers, the housing market remains... more
May 31, 2025 3:02 AM
— Housing Market
Home Prices Falling or Growing Less Quickly?
Both FHFA and Case Shiller released home price data showing positive month-to-month movement, but with long-term trends indicating a decline in the pace of home price appreciation. However, Case Shiller's seasonally adjusted numbers revealed a national decline in prices, the first negative reading since early 2023, raising concerns about the housing market.
May 31, 2025 3:02 AM
— Housing Market
Pending Home Sales Slip, But the Broader Story Remains the Same
The National Association of Realtors' Pending Home Sales Index has been stagnant for over two years due to affordability constraints and elevated mortgage rates. April saw a 6.3% drop in pending sales, with the index hitting its third-lowest level on record. Despite regional variations, the overall trend remains one of stagnation with higher mortgage rates being the biggest hurdle for both buyers ... more
May 31, 2025 3:00 AM
— Housing Market
Sellers outnumber homebuyers: High prices and mortgage rates continue to skew the housing market
The U.S. housing market currently has nearly 34% more sellers than buyers, leading to less competition for home listings and more pressure on sellers to lower prices. The increase in sellers and decrease in buyers has caused a decline in home sales, with prices expected to drop by about 1% by the end of the year. Some sellers have already started reducing prices and offering incentives to attract ... more
May 30, 2025 8:00 AM
— Housing Market
Sellers outnumber prospective homebuyers as high prices, mortgage rates skew market
The U.S. housing market currently has more sellers than buyers, leading to less competition for homes and pressure on sellers to lower prices. This shift in balance between buyers and sellers is causing home prices to decline, with some metro areas already experiencing price drops. However, despite this shift in favor of buyers, the housing market may remain unaffordable for many Americans due to ... more
May 29, 2025 9:01 AM
— Housing Market
AI Hedging, Application, Processing Tools; Builder/Lender M&A; Freddie-Fannie Saga Continues
There is uncertainty surrounding the potential privatization of Freddie Mac and Fannie Mae, with differing opinions and potential plans coming from government officials. Additionally, there are discussions on retirement, tech solutions for lenders, and mergers and acquisitions in the industry.
May 28, 2025 9:00 AM
— Housing Market
MBS Pooling, CRM, Processing Tools; Second, HELOC, ITIN, Jumbo Product News; Builder CEO Survey
The mortgage industry continues to talk about the influence and market share of Freddie Mac and Fannie Mae moving towards non-QM investors. Market conditions are tough, but optimism remains for the new-home market. Various companies are introducing new products and services to streamline the lending process and provide more flexibility to borrowers.
May 28, 2025 3:02 AM
— Housing Market
What it means to be house poor and how to avoid it
The article discusses the concept of being 'house poor,' which refers to spending too much of your income on housing costs, leaving little money for other expenses. It provides warning signs of being house poor and tips for avoiding or recovering from this situation, such as careful planning, conservative budgeting, avoiding unnecessary home expenses, and maintaining a healthy debt-to-income ratio... more
May 28, 2025 3:00 AM
— Housing Market
Portland, Ore., Has Worst Housing Crisis Outlook — Here’s Why
The article discusses the housing crisis outlook in different U.S. metros, highlighting the challenges faced by prospective first-time homebuyers. The Pacific Northwest has some of the worst outlooks, while Southern metros are more favorable. Factors like vacancy rates, housing unit approvals, and home value-to-income ratios were analyzed to determine the outlook in various areas.
May 28, 2025 2:00 AM
— Housing Market
‘We’re in a holding pattern’: Home sales and building slump in the face of uncertainty
The housing market in the US is facing sluggish home sales, plodding construction, high mortgage rates, and economic uncertainty. Home prices are soaring, and construction has slowed down. Builders are struggling with pricing uncertainties due to tariffs on Canadian lumber. Many buyers are unable to afford homes due to rising prices and high mortgage rates, resulting in pent-up demand. Despite thi... more
May 27, 2025 4:00 PM
— Housing Market
Trump: I’m taking Fannie and Freddie ‘public’ with implicit guarantee
President Trump is considering releasing Fannie Mae and Freddie Mac from government conservatorship and taking them public. There are concerns about the complexity and potential costs of this decision. It is also noted that Fannie Mae will prioritize occupancy fraud detection for multifamily properties.
May 26, 2025 6:01 AM
— Housing Market
How President Trump can monetize the GSEs
During the MBA Secondary & Capital Markets event, FHFA Director Bill Pulte mentioned that he believed valuations for Fannie Mae and Freddie Mac were too low and releasing the GSEs from conservatorship is a decision for the President of the United States.
May 26, 2025 3:00 AM
— Housing Market
Home Sale Cancellations Surge to Near Record Highs
In April, one in seven home sales fell through, marking a high rate of cancellations due to high mortgage rates and economic uncertainty. Many homes are sitting idle on the market as buyers struggle to afford purchases or are cautious in the unpredictable economy. Mortgage rates are at 6.73%, more than double the pandemic record low, and are expected to remain high in the coming years. Cancelation... more
May 26, 2025 3:00 AM
— Housing Market
Mortgage rates survive budget bond scare, but end the week higher
Last week saw some fluctuations in mortgage rates and bond yields due to concerns over the national debt, but rates ended lower after President Trump's tweets caused a stock market sell-off. Mortgage rates increased slightly, but mortgage spreads have been improving since 2023. Purchase application data for 2025 has been positive, and pending home sales remain steady despite elevated rates. Housin... more
May 26, 2025 1:00 AM
— Housing Market
Housing may soon flash a recession warning as investment cracks under the weight of high rates
Analysts are warning of a potential recession as housing activity is set to contract in the second quarter after only weak advancement in the first quarter. The rise in longer-term Treasury yields and mortgage rates around 7% are expected to weigh on residential investment and the broader economy. Data shows a decline in permits for single-family home construction, an increase in home supply, and ... more
May 24, 2025 4:00 AM
— Housing Market
No Major Change For Existing Home Sales
Existing home sales were at the highest levels in a year two months ago but have since declined to 5-month lows. The latest data shows a slight decrease to 6-month lows, with some regions seeing a decrease in sales while others remained unchanged or increased. Overall, housing inventory has increased, median prices have gone up, and the time on the market has decreased compared to the previous mon... more
May 24, 2025 3:01 AM
— Housing Market
New Home Sales at 3 Year High, Maybe...
The Census Bureau reported that New Home Sales for April exceeded expectations at 743k, marking one of the best months in the past 3 years. Sales are good or better than pre-pandemic levels. However, last month's numbers were revised lower, prompting caution for future assessments.
May 23, 2025 9:00 AM
— Housing Market
New home sales unexpectedly surge despite high mortgage rates as builders lower prices
Sales of new US single-family homes surged in April, with a 10.9% increase, but February and March data was revised downward. Despite the surge, economists believe housing activity is weakening due to high mortgage rates and a slowing labor market. Prices have been lowered to attract buyers, with the median new house price dropping 2.0% to $407,200 in April. Mortgage rates have been rising, hittin... more
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The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 600 lenders. Mortgage-Rates.ai does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@mortgage-rates.ai
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.