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Coming Up:
MBA Still Sees Recession In 2nd Half Of 2023
Monthly update for May forecasts mild recession starting in Q2.
Mortgage Rates Rise Again As 30-Year Hits 6.57%
The 15-year fixed rate also increased this week.
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May 25, 2023
Pending Home Sales Unchanged In April
Lack of inventory, high mortgage rates holding down sales of existing homes, NAR says.
Overall Mortgage Delinquency Rate Hit All-Time Low In March
CoreLogic said the serious delinquency rate fell to 1.1%, the lowest level in 23 years.
Nearly 43% Of Home Sellers Are Making Concessions To Buyers
Redfin says that’s nearly double the rate a year earlier.
Mind The Gap
The spread between mortgage rates and the 10-Year Treasury yield is worth watching.
Home Affordability Took Another Hit In April
MBA's affordability index finds mortgage application payments rose 0.9% to $2,112.
REC. May 23, 2023