Despite the highest mortgage interest rates since May 2024, mortgage applications jumped in the last week.
Mortgage rates will move slightly lower – perhaps to 6.5% just in time for the spring home-buying season.
The job market is strong. A net additional 256,000 workers were hired in December, bringing the total for the year to 2.2 million more jobs.
Despite the current affordability headwinds, there has been an increase in both pending and existing-home sales activity.
Today's young adults continue to face delays in homeownership compared to past generations at the same age.
Home buyer activity increased despite higher rates for the last two weeks; the average 30-year fixed mortgage rate rose to 6.85% from 6.72% last week.
Despite the cuts to the short-term interest rates by the Federal Reserve, mortgage rates have largely refused to budge.
Between the pre-pandemic period and last year, the national median annual tax surged by 23%, climbing from $2,480 in 2019 to $3,045 in 2023.
The average 30-year fixed mortgage rate from Freddie Mac fell to 6.69% from 6.81% last week.
In celebration of Native American Heritage Month, we’re sharing insights to deepen our understanding of homeownership trends in Native communities.