As is the case with a majority of housing and mortgage market data these days, the Existing Home Sales data from NAR is heavily dependent on context. To be sure, the headline is true. You'd have to go back to report that came out in February, 2024 to see a higher annual pace of sales. (NOTE: the table above contains initially-reported numbers.  NAR subsequently revised  the 3/31/24 report up to 4.31m) And if you were to chart these values only, the chart would probably look pretty good for the present month, but it would also belie the situation in the trenches.  Home sales certainly aren't in freefall in the bigger picture, but they're generally still sideways at long term lows. Realtors credited an uptick in inventory for the uptick in sales. Additional details are available at NAR's release page here: https://www.nar.realtor/newsroom/existing-home-sales-accelerated-4-2-in-february

March 21, 2025 Download our Mobile App: Download our Mobile App: Housing News Highest Existing Home Sales in a Year As is the case with a majority of housing and mortgage market data these days, the Existing Home Sales data from NAR is heavily dependent on context. To be sure, the headline is true. You'd have to go back to report that came out in February, 2024 to... (read more) Housing News Refi Demand Remains Elevated, But Off Recent Highs The Mortgage Bankers Association conducts a weekly survey on the level of mortgage applications, both for purchases and refinances.  Both data series continue to be a tale of two decidedly different eras for the mortgage market.  If we foc... (read more) Mortgage Rate Watch Mortgage Rates Tick Gently Higher to End Week In terms of the market movement that underlies and dictates mortgage rate movement, today looked a lot like yesterday.  Things started strong and faded gently as the day progressed. There were no notable economic reports or news events apart fro... (read more) MBS Commentary Post-Fed Trade Turning Out As Expected Heading into this week's Fed announcement, we noted the consolidation pattern in bonds (the convergence of intraday highs and lows in an increasingly narrow range).  After the favorable reaction to the Fed, the highest probability outcome was th... (read more) Rob Chrisman AI-Powered Lending, Day 1 Certainty; Corresp. Product Tools; FOMC Balance Sheet Reduction “Elon is firing Twitter employees with bad posture. I have a hunch I might be next.” If I have a sprained finger, I don’t need a heart and lung transplant. And if I did need a transplant, I wouldn’t want a florist doing it. For years, the CFPB has be... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.04 0.00 15 Yr. Fixed 6.14% +0.02 0.00 30 Yr. FHA 6.15% +0.04 0.00 30 Yr. Jumbo 6.88% +0.01 0.00 7/6 SOFR ARM 6.30% +0.05 0.00 30 Yr. VA 6.17% +0.05 0.00 Updates Daily - Last Update: 4/2 15 Yr. Fixed Rate 6.14% +0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.65% -0.02 0.00 15 Yr. Fixed 5.89% +0.06 0.00 Updates Weekly - Last Update: 3/27 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.93% -0.02 0.66 15 Yr. Fixed 6.31% -0.04 0.70 30 Yr. Jumbo 7.03% +0.07 0.53 Updates Weekly - Last Update: 2/19 MBS / Treasuries UMBS 30YR 5.5 100.29 +0.26 Price / Yield Change MBS UMBS 5.5 100.37 +0.34 UMBS 6.0 102.01 +0.39 GNMA 5.5 101.05 +0.20 GNMA 6.0 101.81 +0.17 Pricing as of: 4/3 4:04AM EST 10 Year US Treasury 4.0611 -0.0625 Price / Yield Change US Treasury 2 YR Treasury 3.782 -0.072 5 YR Treasury 3.796 -0.062 7 YR Treasury 3.907 -0.101 10 YR Treasury 4.050 -0.074 30 YR Treasury 4.452 -0.045 Pricing as of: 4/3 4:04AM EST Latest Video Chicago Fed President Goolsbee: Rates will be lower in 12-18 months if we m... Chicago Fed President Goolsbee: One-time tariffs without retaliation more l... Fed Chair Powell: Impact of tariffs could be 'transitory' Leading economic indicators for February down 0.3% Around the Web CNBC Chicago Fed President Goolsbee sees rate cuts depending on inflation progress CNBC U.S. households are running out of emergency funds as pandemic cash runs out, inflation takes its toll Calculated Risk Blog Intercontinental Exchange: Mortgage Delinquency Rate Increased in February Calculated Risk Blog Realtor.com Reports Active Inventory Up 28.5% YoY CNBC February home resales jump much more than expected, despite higher mortgage rates Calculated Risk Blog Q1 GDP Tracking: Wide Range Eye on Housing Volume of Residential Construction Loans Falls in Q4 2024 Marketwatch U.S. jobless claims still show few private-sector layoffs, but more ex-federal workers get benefits CNBC Treasury yields inch lower amid ongoing uncertainty over the U.S. economic outlook CNBC Treasury yields dip as investors weigh the state of the U.S. economy CNBC February home resales jump much more than expected, despite higher mortgage rates CNBC Bank of England holds interest rates, warns global trade uncertainty has intensified CNBC European markets set to end the week on a downbeat note amid global economic uncertainty

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