Tag Archives: Mortgage Rates

The share of U.S. homes worth at least $1 million slipped to 7% from 8.6% in June, according to a new report from Redfin, as inflated mortgage rates continue to cool the housing market.

The dip in mortgage rates has kicked the spring homebuying season off on the right foot, as the MBA reports overall app volume on the rise for the third straight week, amid uncertainty over the health of the banking sector.

"Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines," said NAR Chief Economist Lawrence Yun.

According to a new CoreLogic report, single-family rent price growth was up by nearly 6% year-over-year in January, marking the lowest rate of appreciation since the spring of 2021.

According to a new market report from Zillow, high interest rates caused new listings to hit a record low in February, frustrating willing homebuyers nationwide.

While overall home sales remain down 24.4% year-over-year, February home sales increased nearly 17% from January, according to the RE/MAX National Housing Report.

According to the latest Mortgage Bankers Association Builder Application Survey data for February 2023, mortgage applications for new home purchases increased just 1.2% compared to the same time a year ago.

According to a new study from Realtor.com, homeowners who list the week of April 16-22 will experience the best combination of market conditions and could receive $48,000 more for their home than at the start of the year.

Inflated mortgage rates and home prices pushed monthly housing payments to a record high of nearly $2,600, according to a new report from Redfin.

While inflated home prices continue to dampen demand, home sales fell to a more than seven-year low in January, as rising rates continue to weaken home affordability.