As rates fall to levels last seen over a year ago, homebuyers have gained approximately $9,500 in purchasing power month-over month, yet with median home-sale prices up 2% year-over-year, many would-be buyers remain on the sidelines
An analysis of two million loans shows that improving credit scores and increasing downpayments are offsetting market factors in a high-rate environment, resulting in savings for borrowers
Studies find that there are currently 36.7% more home sellers in the market than buyers — a near-record gap, which is good news for buyers who have an opportunity to negotiate and ask for concessions
As the mortgage rate market improves, MBA economists forecast headwinds such as tariffs and inflation may keep rates above the 6% mark and potential buyers on the sidelines for the foreseeable future
Life-events such as marriage, expanding families, job changes, and divorce are factoring into the housing market’s recovery on the road back to normalcy
As more homeowners stay put, they are tapping into equity products to ensure stability and build financial confidence
About 1 in 5 mortgages have a 6% rate or higher
Six percent is considered by many to be the rate that will awaken the market from its current doldrums.
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