Analysis and Data
Sunday month-ends typically lead to a sharp, albeit temporary, spike in delinquent mortgages
The average existing mortgage rate for Texans is 4.3%.
FHA takes highest share of applications, as first-time home buyers enter market
The 30-year fixed-rate mortgage averaged 6.77% as of July 18, 2024.
Newest data could help incentivize rate cuts later this year
Single-family home prices saw a year-over-year increase of 6.9% in Q2 2024, per Fannie's latest Home Price Index.
The 54,300 existing homes international clients bought from April 2023 to March 2024 is 36% fewer annually.
As buyers anxiously await lower mortgage rates, home builders cut prices
On an unadjusted basis, the Market Composite Index, a measure of mortgage loan application volume, increased 30% compared to last week.
Total number of homes increased 23% from last year, up 4% from May to June