Government-backed loans accounted for more than half of builder applications for a fifth straight month as loan sizes fell and buyers remained rate-sensitive
Mortgage applications for new-home purchases increased 3.8% year over year in May, but affordability challenges and elevated mortgage rates continued to weigh on buyer demand, according to the Mortgage Bankers Association's (MBA) latest Builder Application Survey.On a month-...
Redfin reports the typical U.S. housing payment rose to $2,647 as elevated home prices and mortgage rates continue to pressure affordability
The median monthly housing payment in the U.S. climbed to $2,647 during the four weeks ending June 14, reaching its highest level in a year and coming within roughly $100 of the all-time record set in 2023, according to a new housing market report from Redfin.The increase re...
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