Tagged: mortgage rates

Existing-home supply reached its highest level since 2019, but elevated payments and economic uncertainty pushed sales to a 14-month low

Pending listings turned negative in August despite more inventory, lower asking prices, and sellers remaining open to negotiation

Price declines are spreading, yet mortgage rates and uneven local conditions continue to limit what buyers can afford

Fed chair says broader financial conditions remain loose, inflation is too high, and markets should expect less guidance on what comes next

Applications fell 5.7% annually in July, while government-backed mortgages accounted for half of builder-affiliated loan volume

Contract signings fell in every region during July, leaving purchase activity 30% below its 2019 level despite a larger workforce

Consumer inflation rose just 0.1% in July, reducing pressure for a September Fed rate hike as mortgage rates remain near their highest levels of the year

One in five listings had a price reduction in July, while pending sales increased for the eighth consecutive month

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Contract signings fell 5.4% from May as elevated borrowing costs and record home prices continued to pressure affordability, particularly for first-time buyers