Analysis and Data
According to the latest Mortgage Bankers Association weekly mortgage application survey, applications decreased by 2.3% from last week.
House price index showed strong quarterly growth, but an April decline
S&P CoreLogic Case-Shiller Index posts 20.6% year-over-year in March, highest in its 35-year history
Title company’s chief economist says history shows rising mortgage rates may take the steam out of rising house prices, but don’t necessarily trigger a decline.
Sixth consecutive month of declines
Adjustable rate mortgages going up.
The national median payment applied for by applicants jumped 8.8% in April to $1,889 from $1,736 in March.
Miami, Phoenix, and Tampa are the top three places for New Yorkers and Los Angelenos.
Nearly half (45%) of 2022 seller-buyers plan to buy outside of their current city or town; 9% say they would move out of state for better deals.
Miami, San Jose and Los Angeles have the highest percentage of foreign homeowners in the top 50 markets