“Despite the resurgence in tappable equity among U.S. mortgage holders, elevated interest rates are making homeowners reluctant to extract that wealth,” said Andy Walden ICE’s VP of Enterprise Research.
Read More »Purchase Mortgage Apps Fall to 28-Year Low
A recent upward trend in Treasury yields has pushed mortgage rates above the 7.5% mark, further complicating the road to affordability for many as mortgage apps have dropped 6% week-over-week.
Read More »August Home Prices Appreciated at a Rate That Beat 25-Year Averages
"After essentially flattening earlier this year, year-over-year home price growth has been reaccelerating for the last few months," said Andy Walden, ICE VP of Enterprise Research.
Read More »Mortgage Activity Falls as Rates Rise to Two-Decade Highs
"August was another rough month for mortgage borrowers from an interest rate perspective," said Andy Walden, VP of Enterprise Research and Strategy at Black Knight, now a part of ICE.
Read More »Home Prices Hit Record Highs in 60% of Major Markets
"We've been noting for some months that the recent rate of home price gains would have a lagging, but significant, impact on the annual rate of appreciation," said Black Knight VP of Enterprise Research Andy Walden. "Well, June marked that inflection point."
Read More »Home Prices Hit Record Highs as Housing Market Heats Up
"There is no doubt that the housing market has reignited from a home price perspective," said Black Knight VP of Enterprise Research Andy Walden. "Firming prices have now fully erased the pullback we tracked through the last half of 2022 and lifted the seasonally adjusted Black Knight HPI to a new record high in May."
Read More »Mortgage Apps Drop 30% YoY
Mortgage application volume fell has fallen for a month straight, with purchase activity constrained by rates nearing the 7% mark and a lack of for-sale inventory.
Read More »Rate Lock Volumes Take a Hit
However, in good news for buyers, mortgage rates averaged 6.38% in April, a full 17 basis points lower than was reported in March.
Read More »Supply of Government Mortgage Credit Slips for the Third Time in Four Months
“With the spring buying season underway, lenders are grappling with the threat of a recession and tighter overall financial conditions following the recent bank failures,” said Joel Kan, MBA’s VP and Deputy Chief Economist.
Read More »Home Price Growth Falls to Lowest Level in a Decade
Black Knight forecasts that the annual growth rate is expected to fall below zero percent nationwide by April.
Read More »