Analysis and Data

Decline in both refinance and purchase activities, with 30-year fixed rates reaching heights unseen since November 2000.

National Association of Home Builders report reveals lowest confidence levels since January 2023.

First American Data & Analytics’ model reveals dip in potential home sales amidst climbing rates and limited affordability.

Despite a resilient housing market, the group forecasts a subdued growth into 2024; cites "higher for longer" stance by Federal Reserve on inflation.

While FOA faces tangible equity erosion and continuous covenant breaches, peers like Rocket and United Wholesale Mortgage showcase resilience.

Joint proposal would reduce spread between mortgage rates, Treasury bonds.

The 30-year fixed rate hits 7.57% amidst market turmoil; homeowners hold onto historically low rates and purchase demand plummets to 30-year lows.

September's consumer price data fuels debate on Fed's future moves; economists foresee a potential slowdown in rate hikes as housing market dynamics shift.

Redfin and Zillow reports highlight unusual market dynamics; homeowners seem undeterred by historic mortgage highs while buyers are urged to navigate with savvy.

September sees 20% drop in rate lock volumes, marking a four-month downward trend, amidst rising interest rates and seasonal purchase fluctuations.