Analysis and Data
Both purchase and refi applications spike as mortgage rates fell in second week of 2023.
LendingTree survey finds one in five have issues with appraisals, though.
Home prices in the quarter grew at 9.2% YOY, down from 13.1% YOY in the third quarter.
Redfin: Falling rates, signs that inflation is improving bringing buyers back to the market.
Bank reports 4Q earnings cut in half due to settlements, fewer mortgage originations.
JPMorgan Chase, Bank of America each post strong 4Q 2022 results.
After rising the previous week, the 30-year fixed mortgage fell to 6.33%.
CPI report shows YOY rate at 6.5%, down from 7.1% in November.
Overall filings remain well below pre-pandemic levels.
Realtor.com report finds price growth eased to high single-digit territory in December.