Analysis and Data
Mortgage applications fell 7.2% from last week, according to the MBA Weekly Mortgage Applications Survey.
Americans may have a better chance buying a home in 2022 as more sellers hit the market, but they should still expect fierce competition.
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks improved marginally this past quarter, though it wasn’t enough to surpass last year’s figures.
Rent price increases outpaced mortgage payments for new homebuyers in 29 of the 50 largest metro areas in the United States.
First American's chief economist says that, despite September's lowest affordability level since 2008, housing remains undervalued in most markets.
NAR says month-over-month contract activity rose in all four U.S. Regions
The unseasonable surge in home prices appears to be drawing in more sellers.
Fannie, Freddie have sold 130,808 loans totaling $24.5 billion through June 2021
Mortgage delinquencies slowly and steadily continue to improve as foreclosure remains muted, even as forbearance exits mount.
Overall, the housing market experienced it’s typical seasonal cooling in October, but relief from homebuyers may be short-lived as pending home sales rose 3% from September.