Tue, Feb 21 2023, 2:21 PM
Existing home sales data was released this morning by the National Association of Realtors for the month of January. It was fairly close to forecasts...
Thu, Feb 16 2023, 2:35 PM
It seems that most of the stories I write on home sales and construction numbers begin with a slightly different iteration of the same core thought: t...
Wed, Feb 15 2023, 1:35 PM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shot higher in February, achieving a second monthly gain. NAHB...
Wed, Feb 15 2023, 8:30 AM
It was unrealistic to expect last week’s strong increase in mortgage activity to be sustainable in the current volatile rate environment, and indeed i...
Mon, Feb 13 2023, 1:03 PM
Black Knight’s Mortgage Origination’s Market Monitor confirms that the surge in rate lock volumes noted earlier in the month continued through the e...
Wed, Feb 8 2023, 8:25 AM
Refinancing pushed the volume of mortgage loan applications to one of its biggest week-over-week increases in ten months, during the period that ended...
Tue, Feb 7 2023, 2:08 PM
The FHFA and S&P Case Shiller published home price index data last week for the month of November. Both showed moderate month-over-month declines off...
Mon, Feb 6 2023, 1:36 PM
Black Knight’s Mortgage Monitor for December highlights a continuation of recent home price declines, an overview of current loan performances, rate l...
Wed, Feb 1 2023, 9:41 AM
Mortgage activity slowed significantly last week, pulling the Mortgage Bankers Association’s (MBA’s) Market Composite lower after three weeks of gains...
Tue, Jan 31 2023, 3:48 PM
As rates spiked and sales contracted at the fastest pace in decades last year, we knew the post-pandemic surge in home prices was set to reverse. By ...
Fri, Jan 27 2023, 2:51 PM
For those in the housing and mortgage market, there's certainly been a shift in the tone over the past few weeks. I can't speak for everyone in that ...
Thu, Jan 26 2023, 2:50 PM
The Census Bureau's regularly scheduled monthly report on New Home Sales was released this morning. The annual pace of 616k was right in line with th...
Wed, Jan 25 2023, 8:10 AM
Mortgage loan activity posted a third straight gain during the week ended January 20 . The Mortgage Brokers Association (MBA) said its Market Composi...
Fri, Jan 20 2023, 12:20 PM
Existing home sales fell back for the 11th straight month in December according to the National Association of Realtors® (NAR) The month’s sales of ...
Thu, Jan 19 2023, 1:21 PM
In a single moment, the fees for a vast majority of new mortgages in the US have changed. In some cases, the changes are drastic, both for better and...
Wed, Jan 18 2023, 11:02 AM
On top of the solid report on mortgage volume earlier today, comes another hopeful report from the construction industry. The National Association of ...
Wed, Jan 18 2023, 9:41 AM
loan application volume, increased 27.9 percent on a seasonally adjusted basis The Refinance Index rose 34 percent week-over-week but remains 81 p...
Wed, Jan 11 2023, 8:10 AM
Overall mortgage application activity returned to pre-holiday levels during the first week of the new year. Lower interest rates bolstered refinancing...
Wed, Jan 4 2023, 8:22 AM
The end-of-year holiday season took its usual toll on mortgage applications. The Mortgage Brokers Association (MBA) report this morning recapped the p...
Wed, Dec 28 2022, 3:02 PM
Stop me if you've heard this one before: home sales numbers continue to suffer due to a perfect storm of higher rates, lofty prices, and tighter purse...
Tue, Dec 27 2022, 1:13 PM
Annual home price increases fell back into single digits in October. Both the S&P CoreLogic Case-Shiller and Federal Housing Finance Agency’s (FHFA’s)...
Fri, Dec 23 2022, 11:52 AM
New home sales in November were a bit of a surprise, but a downward revision to October numbers accounted for much of the unexpected increase. The U.S...
Wed, Dec 21 2022, 1:08 PM
"No one" is a relative term when it comes to economic data. There are actually about 4 million people per year buying existing homes based on the ann...
Wed, Dec 21 2022, 8:33 AM
Continuing declines in interest rates contributed to a substantial increase in applications for refinancing heading into the holiday season. This push...
Tue, Dec 20 2022, 4:14 PM
Housing Starts, the jargon word used to refer to the inception of new residential construction, have a fairly logical relationship with building permi...
Mon, Dec 19 2022, 2:31 PM
The Housing Market Index (HMI) from the National Association of Homebuilders (NAHB)--typically referred to simply as "builder confidence"--is argued t...
Wed, Dec 14 2022, 9:01 AM
The mortgage market disregarded a slight increase in interest rates last week. Refinance applications posted a second weekly gain, and the Purchase M...
Wed, Dec 7 2022, 1:37 PM
Fannie Mae’s Home Purchase Sentiment Index (HPSI) showed some signs of life in November, posting its first increase in nine months. The index, which d...
Wed, Dec 7 2022, 8:19 AM
Application volume the past week didn’t fully recover from the usual Thanksgiving week losses a week prior. Refinancing did improve, but purchase vol...
Mon, Dec 5 2022, 3:46 PM
Black Knight released its Mortgage Monitor report today--always a treasure trove of robust housing/mortgage-related data. Of particular interest this...
Wed, Nov 30 2022, 10:19 AM
October saw contracts to purchase existing homes fall for the fifth straight month. The National Association of Realtors® (NAR) said its Pending Home...
Wed, Nov 30 2022, 8:28 AM
Thanksgiving had its usual effect on the mortgage market during the week ended November 25, although the third week of easing interest rates helped mo...
Tue, Nov 29 2022, 11:30 AM
If you're just here for the conforming loan limit news, $726,200 is the number for 2023. Does this mean no one can get a mortgage for more than $72...
Wed, Nov 23 2022, 8:21 AM
Mortgage application volume increased for the second consecutive week as interest rates continued to decline. The Mortgage Bankers Association (MBA) s...
Fri, Nov 18 2022, 11:58 AM
The state of the housing market in 2022 is well known by now. The sharpest rate spike in 40 years to the highest rates in 20 years combined with the ...
Thu, Nov 17 2022, 3:47 PM
There aren't many ways to make the Census Bureau's New Residential Construction report exciting, and there are zero ways to frame it in a positive lig...
Wed, Nov 16 2022, 12:28 PM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) fell another 5 points in November. NAHB said this measure of b...
Wed, Nov 16 2022, 9:12 AM
Mortgage application volume increased on a seasonally adjusted basis during the week ended November 11 but declined sharply before adjustment. The Mor...
Tue, Nov 15 2022, 3:22 PM
The Mortgage Bankers Association (MBA) collects data on borrower eligibility (FICO, loan type, LTV, etc) and combines that with underwriting guideline...
Wed, Nov 9 2022, 8:49 AM
The Mortgage Bankers Association (MBA) reports yet another decline in overall mortgage application volume during the week ending November 4. Applicati...
Mon, Nov 7 2022, 4:52 PM
Roughly 2 weeks ago, home price indices (HPIs) from Case Shiller and the FHFA came out for the month of August. Both were in agreement that prices de...
Wed, Nov 2 2022, 8:42 AM
A bit of easing in mortgage rates prompted a tiny uptick in refinancing during the week ended October 28, but overall mortgage application volume con...
Tue, Nov 1 2022, 12:39 PM
Annual home price growth remained in double digits in September even as home sales and purchase mortgage volume continued their months’ long declines....
Fri, Oct 28 2022, 11:37 AM
Inflation and the resulting increase in interest rates continued to dent home sales activity into the fall. The National Association of Realtors® (NAR...
Wed, Oct 26 2022, 9:41 AM
There was a slight increase in refinancing during the week ended October 21, but overall mortgage applications fell for the fifth straight week. The M...
Tue, Oct 25 2022, 3:36 PM
Home prices fell sharply again in August according to the two leading home price indices, both released this morning. The Federal Housing Finance Age...
Thu, Oct 20 2022, 4:08 PM
If anything, today's Existing Home Sales data is a bit of a bright spot in an otherwise gloomy housing market. Sure, the annual pace of sales is as l...
Wed, Oct 19 2022, 1:49 PM
The U.S. Census Bureau and the Department of Housing and Urban Development reported a small improvement in the number of permits issued in September a...
Wed, Oct 19 2022, 8:18 AM
Mortgage application activity fell again during the week ended October 14 as mortgage interest rates hit their highest level in 20 years. The Market B...
Tue, Oct 18 2022, 5:23 PM
The National Association of Homebuilders (NAHB) has only been publishing builder confidence numbers since the mid 1980s. It's possible--if not likely...
