Analysis and Data
The 30-year fixed-rate mortgage averaged 6.88% as of April 11.
Housing affordability also depends on house prices, which have competing effects.
ATTOM reported a total of 95,349 U.S. properties with a foreclosure filings during the first quarter of 2024
The runway to rate cuts continues to lengthen with month-over-month inflation growth in March.
Applications increased 0.1% from one week earlier, per MBA data.
In Florida and California, home investors say insurance issues are keeping deals from getting done.
55% of Millennials are unable to buy property and many say they may never own a home.
Redfin reports nearly half of U.S. homeowners and renters are grappling with the financial strain of housing payments.
Optimal Blue's March 2024 Originations Market Monitor report saw steady rate-lock volume growth.
Fannie Mae's HPSI saw its first decline since November 2023.