Analysis and Data
Index increased 0.6 points in November after hitting all-time low in October.
Areas with more affordable housing should see relatively healthier markets and stronger sales in 2023.
The latest survey showed mortgage applications decreased 1.9% from last week.
Inflation, high interest rates among reasons cited.
Predicts mortgage rates and affordability challenges will deter would-be homebuyers.
A summary & review of key economic data that affects the mortgage and real estate business.
The volume of both rate/term and cash-out refi locks was down more than 86% YOY.
Black Knight says the housing market correction has only just begun.
Milliman Mortgage Default Index shows dramatic drop, led by 87% decline in refis.
Economists say that report will make Fed's job harder.