Analysis and Data

Total mortgage rate locks by dollar volume decreased 3.8% in June; total lock volume down 32.0% from a year ago.

Nearly 15% of home purchase agreements fell through in June, hinting that buyers are taking more time to re-negotiate.

Federal Reserve Bank of NY’s Center for Microeconomic Data survey reveals short-term inflation expectations increased among those surveyed.

Number slightly higher than expected, contradicting recession predictions.

Redfin reported that competition is easing in the housing market as mortgage rates and prices hit a tipping point.

More than a quarter of single-family homes bought by investors in the first quarter of 2022.

Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent, as concerns about a potential recession continue to loom.

Fannie Mae index shows pessimism among buyers and sellers

As of May 19, the share of median income required to make the P&I payment had climbed to 33.7%, just shy of the 34.1% high reached in July 2006.