Tag Archives: Redfin

Overall purchase and refi application volume has dropped week-over-week, as rates jumped following a three-week stretch of stability.

A new study found that out-of-town buyers who came to Nashville, Philly, and New York City had a larger budget to purchase a home than locals.

The rate paid to brokerages is at its lowest point in at least four years and well below the 6% mark seen in the '90s.

Mortgage rates inched higher, as the nation’s economy and employment landscape continue to show solid gains.

As rates continue to edge higher, both purchase and refi activity slowed this week with the average loan hitting a record high of $446,000.

Nearly one in four survey respondents said stimulus payments during the pandemic has helped fund their down payment.

Mortgage rates have begun to plateau, with a spike in home buyer demand due to the continued lack of supply and elevation in prices.

The pool of newly-built, single-family homes on the market is at a record high, as builders struggle to keep pace with surging buyer demand.

After weeks of hovering just above the 3% mark, mortgage rates changed course for the second straight week, reaching highs last seen prior to the pandemic.

Housing supply fell to a new low in December 2021, fueling a 3.6% month-over-month drop in home sales, severely affecting housing demands.