Analysis and Data
Despite below-expected growth, Fed still expected to raise interest rates.
A summary and review of key economic data that affects the mortgage and real estate business.
30-year fixed (6.81%) and 15-year fixed (6.24%) reach highest levels since Nov. 10 last year.
Ratings service says they are well-positioned to handle liquidity and funding challenges.
MBA says applications down 4.4% last week after 2 straight increases, as the 30-year mortgage rate rose.
Mortgage market shifts as brokers thrive
The 30-year fixed mortgage rate averaged 6.71% this week.
NAR says housing market remains resilient, with approximately 3 offers for each listing.
Median price is down just 0.9% YOY, the smallest decline in nearly four months.
In April, just 2.8% of all U.S. mortgages were in some stage of delinquency.