HMDA and Housing Demand
Nationwide, the number of home-purchase loan applications has declined from 7.9 million to 6.5 million.
Nationwide, the number of home-purchase loan applications has declined from 7.9 million to 6.5 million.
The softening job figures suggest that the Federal Reserve will cut interest rates in mid-September.
The 30-year fixed mortgage rate from Freddie Mac remained essentially flat at 6.49% this week compared to 6.47% last week.
Inflation is calmer, thereby setting the Fed Reserve up to start the rate-cutting process in September.
A notable highlight of the findings in the 2024 NAR Member Profile is that new NAR members are more diverse than their experienced counterparts.
The monthly mortgage payment increased by 1.0% compared to the prior month, while the median price of single-family homes increased by 2.4%.
Knowing the mortgage rates and the qualifying incomes for down payments will help potential homeowners find the metro areas they can afford.
In this blog post, we’ll look closer at who is buying homes, the sociodemographic factors that influence home buying, and the ages at which single female home buyers enter the market.
The 30-year fixed mortgage rate from Freddie Mac declined to 6.89% over the last week from 6.95%.
Inflation is moving in the right direction, but it is not quite at the point for the Fed to cut interest rates.