Low-6% rates are still described as strong, while near 6% may carry added psychological weight for borrowers watching affordability and timing decisions closely. One industry forecast keeps the 30-yr fixed mortgage in the low-6% range through the rest of 2026, suggesting steadier planning conditions for buyers. A builder-focused forecast is more optimistic,...
Purchase mortgage applications ↑4% from the prior period and ↑7% yearly, showing buyers re-engaging despite higher borrowing costs across major loan types. Total mortgage application volume ↑~2% for the May 8 period, while 30-yr fixed rates reached the mid-6% range, their highest recent reading. Context matters: the buyer rebound followed a softer spring...
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%,...
House price momentum has cooled, creating a steadier national backdrop where buyers can compare local conditions before choosing timing or negotiating strategy. Mortgage costs remained elevated, but a move near ~6% offered rare relief for rate-weary borrowers and supported hopes for stronger spring activity. Starter-home shortages still supported yearly price...
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...
Mortgage purchase applications have dropped 35% since 2019, with the housing market frozen amid rising mortgage rates, now averaging 6.43% for 30-year fixed loans. Home resales have fallen 23% annually since 2019, while housing supply has surged to multi-year highs. Refinancing applications spike briefly when rates dip but remain low overall due to upfront costs and breakeven considerations, indicating...
Mortgage rates for second homes are generally higher than for primary residences due to increased lender risk. As of February 2025, the average rate for a fixed 30-year mortgage is 6.51%, down 20 basis points from the previous month. Factors influencing these rates include market trends, borrower credit profiles, and property location. To secure favorable rates, potential buyers should improve their...
The spring home-selling season poses challenges for homebuilders due to high mortgage rates and economic uncertainty. Major builders like DR Horton reported a decrease in net orders, prompting them to offer incentives that have impacted profit margins. Toll Brothers also lowered its sales guidance amid mixed demand. Concerns over rising land prices and tariffs on imported materials further complicate the...
Recent housing data indicates a slow start to 2025, but falling mortgage rates have sparked cautious optimism for the spring sales season. Mortgage rates have decreased for seven consecutive weeks, encouraging potential homebuyers. Rising inventory levels may also boost the market. Despite a 4.6% drop in the Pending Home Sales Index in January, economists believe the spring could bring new momentum,...
Just over half of homeowners are willing to accept a mortgage rate of up to 5.5% for their next purchase, as indicated by a recent ResiClub survey. Continue to full article...
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