New home purchase applications ↓~2% yearly in Early-Q2, while unadjusted volume ↓10% MoM as rates and uncertainty kept buyers selective nationwide now. Estimated new single-family sales ran at 655K annualized in Early-Q2, ↓~9% from Late-Q1’s 717K pace, signaling a cooler sales tempo for builders. Avg. new-home loan size moved from ~$382K to ~$378K,...
The average 30-year U.S. mortgage rate rose to 6.51%, its highest in nearly nine months, driven by factors like the Iran conflict and rising oil prices. The 15-year fixed rate also increased to 5.85%. Higher rates reduce buyers' purchasing power, slowing home sales and mortgage applications. Adjustable-rate mortgages gained popularity as home prices and listings improve in some regions, offering...
Thirty-year fixed mortgage rates are expected to remain around 6.2% to 6.5% between May and July 2026, with most forecasts calling for only minor fluctuations Fifteen-year fixed mortgage rates are projected to average around 5.7% to 6.0%, continuing to offer lower borrowing costs than standard long-term loans The ten-year Treasury yield remains near 4.3% to 4.4%,...
Fannie Mae forecasts 30-year mortgage rates falling to 5.7% by Q4 2026, down from ~6.0% in early 2026. National Association of Realtors expects home sales to rise about 14% in 2026 as lower rates bring buyers back. Single-family housing starts projected to drop 6.2% year-over-year through the first three quarters of 2026, limiting supply. Construction expected to...
Fed expected to cut rates twice, with 44% odds of three reductions by December 2025. First rate cut likely in June, as markets predict a slow and cautious easing cycle....
Mortgage rates have posed challenges for homebuyers, with current rates in the high 6% range and expectations for potential cuts later in 2025. Historical trends show rates peaked at 7.08% in October 2022, following a drop to record lows during the pandemic. The long-term average is just under 8%. Factors influencing rates include credit scores, down payments, and loan types. While rates are expected to...
A 25 basis point cut in the federal funds rate is expected after the December Fed meeting.HELOC rates could fall slightly after the December Fed meeting but may stabilize afterward.Lenders often adjust HELOC rates ahead of expected Fed actions, impacting immediate rate changes....
Las decisiones de la Fed sobre las tasas de interés tienen un impacto significativo en los mercados globales, la actividad económica y las tasas de inflación.Se está considerando un posible aumento de tasas a medida que la inflación se acerca al objetivo del 2% de la Fed....
HELOC rates have been above 8% for months, influenced by credit score, location, and loan-to-value ratio. Rates may decrease in the future. HELOCs offer lower interest rates for homeowners with equity. Rates are variable and tied to the prime rate, currently at 8.5%. Higher loan-to-value ratios lead to higher interest rates. Credit scores also impact rates, with good scores getting better rates. Minimum...
The Fed is likely to cut rates only once this year due to high inflation. Even with a rate cut, mortgage rates are expected to stay around 7%....
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