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News for: Housing Market
Showing 265 - 288 of 308 results
May 23, 2025 3:01 AM
— Housing Market
Home sales cancelled at near-record pace in April
Home sales transactions were cancelled at a near-record rate in April, likely due to uncertainty fueled by President Trump's tariff announcement. Pending sales of previously owned US homes fell last month by the most since 2022, attributed to high asking prices and borrowing costs. However, pending sales rose in March thanks to a dip in mortgage rates. Price cutting by home sellers in March was at... more
May 22, 2025 2:02 PM
— Housing Market
April home sales slow with high mortgage rates, prices, putting chill into spring buying season
Sales of previously owned U.S. homes dropped in April due to elevated mortgage rates and rising prices, marking the slowest pace since 2009. Home prices continued to rise, reaching an all-time high in April. Affordability concerns due to higher mortgage rates have impacted the market, freezing out potential buyers. However, there has been an increase in home inventory, attracting more first-time b... more
May 22, 2025 12:02 PM
— Housing Market
State Farm's added California rate hike request gets pushback
State Farm is seeking a higher homeowners rate increase in California. Pending sales of previously owned US homes increased in March due to a brief dip in mortgage rates and rising supply of houses. Mortgage delinquency rates improved overall but the share of borrowers late by 90 days or more increased due to deteriorating FHA credit quality. The average 30-year fixed rate mortgage rose this week,... more
May 21, 2025 6:01 PM
— Housing Market
Trump considers taking mortgage giants Fannie Mae and Freddie Mac public
President Donald Trump is considering bringing government-sponsored mortgage giants Fannie Mae and Freddie Mac public, a move that would have a significant impact on the housing market. The government currently controls Fannie Mae and Freddie Mac, but privatizing them could potentially lead to higher mortgage rates if not done carefully.
May 21, 2025 12:00 PM
— Housing Market
Study: Top vacation spots where short-term rental prices jump the most in the high season
The article discusses the rise in popularity of short-term rentals in tourist hotspots during peak seasons, leading to significant price increases in vacation rentals. These price spikes are often driven by major events like the Masters golf tournament. The pandemic and economic concerns are prompting more travelers to consider alternative, less expensive vacation destinations. Both Gen Zers and f... more
May 19, 2025 8:00 AM
— Housing Market
POS, LOS, HELOC, Legal Products; IMB Per Loan is Still a Loss; Lower Rates vs. Debt and Inflation
The article discusses various topics related to the mortgage industry, including issues such as the impact of Moody's cutting the credit quality of the United States on lending rates, the potential effects of tariffs on the housing market, and various new products and services offered to lenders and brokers. It also highlights the challenges faced by some companies in the industry and discusses ho... more
May 18, 2025 5:02 AM
— Housing Market
New Grads Expect Six-Figure Salaries. They May Not Be Able To Get Them.
Recent graduates are facing disappointment in their expected salaries as they enter the workforce. While graduates expect to make $101,500 a year, recent graduates reported an average salary of $68,400. Employers project to pay new graduates an average of $68,700, with varying salaries depending on the degree type. The uncertain economy, changing tariff policies, and lack of clarity on student loa... more
May 17, 2025 11:00 AM
— Housing Market
Housing Starts Buoyed By Multi-Family Sector
The Census Bureau's monthly construction numbers for April showed an uptick in construction activity offset by slightly lower permitting. Housing starts were only slightly higher than the previous month, with single unit starts dropping and multifamily starts surging to the highest level since late 2023. Despite some gloomy metrics in the housing and mortgage market, the construction data remains ... more
May 17, 2025 5:03 AM
— Housing Market
Builder Confidence Near Post-Pandemic Lows, But Timing is Everything
The Housing Market Index (HMI) released by the NAHB and Wells Fargo shows that builder confidence has fallen to the lowest levels since 2023, mostly due to high interest rates and difficulty pricing new homes amid changing material costs due to tariffs. However, a recent US/China trade announcement reducing tariffs for 90 days is expected to improve the outlook for lower material costs and a more ... more
May 16, 2025 10:00 AM
— Housing Market
'Doubt and hesitation' are ripping through the housing market: 'People are starting their home search, then backing out'
Elevated home prices and mortgage rates are causing would-be home buyers to pull out of the market. Despite tariff reductions and stock market improvements, mortgage rates continue to rise, making it challenging for potential buyers. Real estate agents report that buyers are hesitant due to fears of an economic downturn. Those who are purchasing homes are seeking more affordable housing options, w... more
May 15, 2025 5:00 AM
— Housing Market
Why Would I Move with a 3% Mortgage Rate?
The article discusses the importance of considering future house price increases when deciding whether to move from a home with a low mortgage rate. It highlights the potential significant cost difference in waiting a few years to move, as home prices are expected to rise gradually over the next five years.
May 14, 2025 4:00 AM
— Housing Market
Mortgage demand from homebuyers continues to recover, even with higher interest rates
Mortgage demand from homebuyers has increased for the second week in a row, despite recent economic uncertainty and concerns over tariffs. The average contract interest rate for 30-year fixed-rate mortgages has risen slightly compared to the previous week and is significantly higher than it was a year ago. The increase in home inventory is attracting more potential buyers, leading to a rise in pur... more
May 13, 2025 2:12 PM
— Housing Market
What rate lock activity means for the Spring purchase market
The article discusses April's increase in rate lock activity, which supports optimistic views on the Spring housing market. Purchase locks were up compared to the previous month, but down compared to the previous year. Refinance volume was lower compared to March, likely due to a volatile rate environment. Mortgage rates for FHA loans were at 6.44%, while jumbo loans were at 6.84%. Conforming mort... more
May 13, 2025 11:00 AM
— Housing Market
Better Reduces Losses in First Quarter
The article discusses the current trend in mortgage rates and its impact on home buyers. It highlights that mortgage rates have been rising steadily, making it more expensive for buyers to borrow money for a home purchase. As a result, some potential home buyers may be discouraged from entering the market or have to settle for a smaller loan amount. The article suggests that buyers should shop aro... more
May 13, 2025 9:00 AM
— Housing Market
Tax Legislation in House Caps Mortgage Interest Deduction
The article discusses the current state of mortgage rates and their impact on home buyers. It notes that mortgage rates have been on the rise recently, which may make it more expensive for potential home buyers to finance their purchases. Higher mortgage rates could lead to increased monthly payments for home buyers, potentially making it harder for them to afford a home. The article suggests that... more
May 13, 2025 9:00 AM
— Housing Market
Compliance, Dashboard, Origination Tools; eNote News; New Econ Book; Conv. Conforming Changes
The article discusses a nationwide trend in which the number of people buying second homes has plunged to its lowest level since records began. This is due to a mix of high mortgage rates, soaring maintenance costs, and a return-to-office push. The impact of mortgage rates and the economy on home buyers is a significant concern. The article also mentions upcoming conferences that will address thes... more
May 13, 2025 8:00 AM
— Housing Market
Title underwriters stay profitable in difficult Q1
The housing market is showing signs of improvement in early April. First American Financial fired its CEO following an incident on a cruise ship. There is a mixed bag of results in the second quarter impacted by President Trump's tariff announcements. Title insurers have a strong connection to the mortgage originations market. Dream Finders Homes closed on the purchase of Alliant National Title. B... more
May 13, 2025 4:00 AM
— Housing Market
All in the family: The rise in multigenerational homes
In the article, a couple, Tom and Merielle Lupfer, were unable to afford a starter home in Northern New Jersey due to high prices. Instead, they moved into Merielle's parents' home and found that the advantages outweighed the disadvantages. The article suggests that multigenerational homes are making a comeback due to rising home prices and mortgage rates, making it difficult for some home buyers ... more
May 12, 2025 6:00 AM
— Housing Market
Is it finally a buyer's market? What to know about home prices outlook
The housing market has seen a surge in prices over the past five years, fueled by low mortgage rates and changing preferences among Americans. However, as prices start to fall back to more sustainable levels, more homeowners are listing their properties for sale. This shift is opening up more options for buyers, with increased inventory and more opportunities for negotiation. Although it's too ear... more
May 10, 2025 9:00 AM
— Housing Market
What’s Blocking Recap and Release of the GSEs?
The article discusses the current state of mortgage rates and their impact on home buyers. It mentions that mortgage rates are on the rise, which could make buying a home more expensive for potential buyers. This increase in rates could also lead to a decrease in home affordability for some individuals. Overall, the article highlights that rising mortgage rates are a concern for home buyers as it ... more
May 10, 2025 3:00 AM
— Housing Market
Sharp Differences in Outlook for Interest Rates
The article discusses the current state of mortgage rates and their impact on home buyers. It mentions that mortgage rates are at historic lows, making it an ideal time for home buyers to lock in a low rate. The low rates are attributed to factors such as the Federal Reserve's monetary policy and economic uncertainty. The article advises home buyers to shop around for the best mortgage rate and co... more
May 9, 2025 9:00 AM
— Housing Market
HELOC, Automation, Buy Before You Sell Tools; Trump Admin. and Disaster Monitoring; Guild Earnings
The article provides information on various topics related to the mortgage and home buying industry. It discusses the increase in U.S. property taxes, rising conference admittance prices, and new products and services for lenders and brokers. It also mentions the impact of natural disasters on homeowners, servicers, and lenders, with a particular focus on recent disasters in Kentucky. Additionally... more
May 8, 2025 2:00 PM
— Housing Market
Hello Refi! Agency Market Springs to Life in April
The article discusses how mortgage rates have recently increased, making it more expensive for home buyers to purchase a home. This rise in rates could potentially deter some buyers from entering the market or force them to settle for a lower-priced home. Additionally, the article notes that the increase in rates may also impact the refinancing market, as fewer homeowners may be inclined to refina... more
May 7, 2025 9:00 AM
— Housing Market
DPA, AI, Processing, Verification Tools; STRATMOR Tech Survey; Interview on Fraud Threats
The article discusses the current housing market, noting a lack of inventory and an increase in unsold homes. Builders are using incentives to attract buyers, while city dwellers are turning to micro-apartments for affordable living. Mortgage rates are mentioned in passing, with a focus on non-QM lending and the potential for growth in this sector. Various software and services for lenders and bro... 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.