Analysis and Data
Refi manages to hold steady week-to-week but still shows major year-over-year drop.
Rising mortgage rates, dwindling supply don’t cool existing home sale prices.
A summary and review of the key economic data that affects the mortgage & real estate industries.
March numbers are strongest month-to-month growth since August 2021
Spiking interest rates & rising prices are sending borrowers to ARMs
Residential spending and business spending remain strong
30-year fixed rate mortgage at 5.10%
Report shows foreclosure filings up 132 percent from a year ago
The national median payment applied for rose from $1,653 in February to $1,736 in March.
Homebuyers in nearly every part of the country have felt the impact of surging home prices since the start of the pandemic, but none like those in the Sun Belt states.