Analysis and Data
Overall activity fell 15% from January, and is down 54% from a year earlier.
Overall activity fell 3% from January 2023; completions up 45% YOY
Both refis and purchase loans rose; MBA also revises data for previous seven weeks.
Fannie Mae's Home Purchase Sentiment Index decreased 3.6 points in February.
January Mortgage Monitor Report says rising mortgage rates affecting housing supply and demand.
Or at the very least, follow the moving trucks to see where the money is going
In next five years, affluent Hispanic households will grow 36% annually
Share of U.S. homes worth at least $1 million has fallen to 7% from 8.6% last June.
Organization updates its 2023 ‘housing affordability pyramid.’
White households had three times as many affordable housing options as Black households.