Analysis and Data
Recent mortgage rate volatility is a reminder that high financing costs still restrain a broader housing recovery
'Price growth seems poised to maintain a steady, balanced pace'
Sales optimism at a two-and-a-half-year peak reflects builders' belief that an administration change “will result in significant regulatory relief for the industry,” the NAHB Chair said.
The average rejection rate for mortgage applications increased by 8.6 percentage points to 20.7% in 2024, well above the 2019 rate of 10.2%.
74% of homeowners and renters struggle to afford monthly payments
Early homebuying activity has reached its highest level in year-and-a-half
Yet, the 15.5% of canceled purchase contracts was the highest cancellation rate in a year, reflecting the razor-thin affordability margins.
Lenders generated a pre-tax net profit of $701 on each loan originated in the third quarter, MBA reports
High interest rates and low housing supply stall homeowners, according to a new TD Bank survey
The direct-to-consumer, digital lender continues to chase growth in a low-volume market expected to persist through 2025