Analysis and Data
Black Knight's report reveals a staggering rise to 7.25% in 30-year conforming rates, painting a grim picture for potential homebuyers as the housing market tightens.
Fannie Mae's HPSI paints a complex picture with 66% of consumers ready to sell, but only 18% seeing it as a buying opportunity amidst historic mortgage rate highs.
While year-over-year equity dips, a quarterly boost brings relief to homeowners; West coast states lead in accumulated equity.
Despite a slight dip, rising rates coupled with economic pressures continue to challenge prospective homebuyers.
Greater number could create future issues with housing affordability
Redfin says skyrocketing home prices and limited supply challenge buyers.
A summary and review of key economic data that affects the mortgage and real estate business.
Lower interest rates fail to boost a sagging housing market as prospective buyers and refinancers stay on the sidelines.
Black Knight report sheds light on skyrocketing principal and interest payments and decline in equity tapping amid rising interest rates.
New data shows a market shift towards lower-density areas as major metro regions suffer the most significant slowdown.