Analysis and Data

The government-sponsored enterprise also released its June 2024 monthly summary.

Total originations of open-ended HELOCs and closed-end home equity loans increased in 2023 by 1.5% compared to 2022.

Mortgage Bankers Association (MBA) reports improving homebuyer affordability

Half of all states have at least one city with a typical starter home worth $1 million or more.

Freddie Mac reported mortgage rates essentially remained flat from last week's numbers.

The typical U.S. homebuyer’s monthly housing payment was $2,671 during the four weeks ending July 21, the lowest level in four months.

The company announced concurrently its decision to purchase Flagstar Bank's servicing and TPO operations for $1.4B.

ATTOM reported home sellers earned a 55.8% profit margin during Q2 2024 on typical single-family home and condo sales — a largely unchanged figure. 

But, industry experts say sales data obscure still-strong demand for new construction.

The company more than doubled the $39.3 million of earnings it generated in the first quarter.