Mortgage applications activity took a downturn in the latest data report from the Mortgage Bankers Association (MBA) for the week ending Jan. 26. The Market Composite Index was down by 7.2% on a seasonally adjusted basis from one week earlier, although the unadjusted...
The Bay Area recorded a net outflow of 26,000 homebuyers in the fourth quarter of 2023, down 13% from one year earlier, according to a new data report from Redfin (NASDAQ:RDFN). An analysis of home search activity on Redfin.com determined the flow of homebuyers...
Home prices were up in November, according to the latest S&P CoreLogic Case-Shiller Index data report, although there was growing evidence of a price deceleration in several major markets. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index,...
Pending home sales in December recorded an 8.3% spike, according to data from the National Association of Realtors (NAR). The Pending Home Sales Index, NAR’s forward-looking indicator of home sales based on contract signings – increased to 77.3 in December....
The 30-year fixed rate mortgage averaged 6.69% as of Jan. 25, up from last week when it averaged 6.60%, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. A year ago at this time, it averaged 6.13%. The 15-year fixed-rate mortgage averaged...
10-Year Treasury Yield Surges to 5.27%, Intensifying Mortgage-Rate Pressure
