Pending home sales in December 2025 dropped to their second-lowest level on record as buyers pulled back amid high costs and economic uncertainty, while home prices remained elevated and listings declined
Stronger-than-expected job growth signals steady economic resilience, extends horizon for likely next rate cut
The MBA's weekly survey slumps as rates hit highest levels since July
Freddie Mac survey finds the average rate for a 30-year mortgage slipped to 6.78%.
A decline in mortgage rates mostly boosted refinance applications.
MBA's Market Composite Index rose 0.9%, despite interest rates rising above 7%.
30-year fixed (6.81%) and 15-year fixed (6.24%) reach highest levels since Nov. 10 last year.
MBA says applications down 4.4% last week after 2 straight increases, as the 30-year mortgage rate rose.
Both refinance and purchase applications increased.
Housing inventory slipping, prices declining as real estate company walks back its sunny November predictions.