Analysis and Data

Mortgage rates remain high, but buyers are wading into the market

New listings are up 21% annually, evidence of rate lock weakening.

Annual uptick reflects shifting dynamics in housing market: while some states witness decreases, others experience notable increases; South Carolina, Delaware, and Florida top foreclosure rates nationwide.

Latest data from the Mortgage Bankers Association reveals significant shifts in application volume, driven by declining rates and robust refinance demand, while purchase applications show steady growth despite lingering challenges in the housing market.

Despite a 3.2% increase from last year, Federal Reserve is expected to hold off amid lingering inflation concerns; housing expenses remain stubbornly high.

ServiceLink's State of Homebuying Report reveals that younger generations remain undeterred by high mortgage rates and lower incomes, showcasing their determination to enter homeownership amidst current market conditions.

Financial strain looms for borrowers who made a choice to go with an ARM.

As the November 2024 Election approaches, more than half of homeowners and renters say housing affordability is impacting who they plan to vote for in the upcoming presidential election.

Housing market expected to see delayed boost from lower mortgage rates.

President Joe Biden offers up proposals to lower the costs in lieu of Fed action.