For Week Ending April 12, 2025 The national median mortgage payment remained unchanged at $2,205 in February, and was up 1.0%, or $21, compared to the same time last year, according to the Mortgage Bankers Association. For conventional loan applicants, … Continue reading →

For Week Ending April 5, 2025 Mortgage application volume increased 20% from one week earlier, according to the Mortgage Bankers Association, as a drop in rates caused a spike in demand. Purchase applications rose 9% from the previous week and … Continue reading →

For Week Ending March 29, 2025 A family with a national median income of $97,800 needed 38% of their income to make the monthly mortgage payment on a median-priced new home ($419,200) in the fourth quarter of 2024, according to … Continue reading →

For Week Ending March 22, 2025 The median age of U.S. homebuyers is now 56 years old, up from 49 in 2023, according to the National Association of Realtors®’ 2024 Profile of Home Buyers and Sellers. The median age of … Continue reading →

For Week Ending March 15, 2025 The U.S. homeownership rate remain largely unchanged in the fourth quarter of 2024, ticking up 0.1% from the third quarter to 65.7%, according to a recent report from Realtor®.com. Homeownership rates remained between 65.6% … Continue reading →

For Week Ending March 8, 2025 47.7% of mortgaged residential properties in the U.S. were considered equity rich—having a loan-to-value ratio of 50% or lower—in the fourth quarter of 2024, according to ATTOM’s Q4 U.S. Home Equity and Underwater Report. … Continue reading →

For Week Ending March 1, 2025 U.S. pending home sales slipped 4.6% month-over-month and 5.2% year-over-year, according to the National Association of Realtors®. Economists polled by Reuters had forecast contract signings falling 1.3% for the month. Pending sales decreased on … Continue reading →

February 13, 2024 The 30-year fixed-rate mortgage continued to inch down this week, reaching its lowest level thus far in 2025. Recent mortgage rate stability is benefitting potential buyers, as purchase demand is stronger than this time last year. This … Continue reading →

For Week Ending February 1, 2025 U.S. sales of existing homes totaled 4.06 million in 2024, down from 4.09 million the year before, according to the National Association of REALTORS®. Meanwhile, sales of new single-family homes grew for the second … Continue reading →

February 6, 2024 The 30-year fixed-rate mortgage decreased this week, now averaging 6.89%. Mortgage rates have been stable over the last month and incoming data suggest the economy remains on firm footing. Even though rates are higher compared to last … Continue reading →