Analysis and Data
Milliman Mortgage Default Index shows dramatic drop, led by 87% decline in refis.
Economists say that report will make Fed's job harder.
Redfin says falling rates luring buyers back to the market.
Redfin says pandemic boomtowns, especially on the West Coast, saw significant increases in delistings.
Realtor.com expects sales in 2023 to be down overall as well.
The Bureau of Economic Analysis' original estimate was 2.6%.
Third straight weekly decline in rates not enough to improve refi activity.
Now predicts lenders will originate $1.98 trillion overall in mortgages in 2023, down 12% from 2022 and down 3.5% from its October forecast.
FHFA, S&P Case-Shiller indexes show slower monthly and annual growth in prices.
The monthly RHPI report said potential sellers are unlikely to lose all the equity they have gained.