Analysis and Data

Rising rates and housing unaffordability cast shadow over market's seasonal momentum.

NAR reports mixed trends as housing market recovery faces mortgage rate challenges.

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Originally established as part of FHA's COVID-19 recovery measures, these options are accessible to mortgage servicers to assist all borrowers behind on mortgage payments.

Despite rising rates and soaring prices, majority of survey respondents express readiness to pursue homeownership if mortgage rates fall below critical thresholds.

Total loans in forbearance decreased just one basis point.

As rates moved up past 7%, mortgage applications dropped over 10%.

First American's latest HPI report highlights a year-over-year increase and anticipates a market adjustment as potential sellers eye falling mortgage rates, despite some local markets showing signs of cooling.

Building permits rise year-over-year, signaling growth, while a significant decline in housing starts and completions points to ongoing challenges and market volatility.