Mortgage News:
 
Mortgage Applications Aren"t Ready to Rebound Just Yet
10/23/2026 1:56 PM
Mortgage applications continued to decline even as mortgage rates finally moved lower. The Mortgage Bankers Association (MBA) reported a 5.3% drop in total application volume for the week ending October 16, despite the first weekly decline in mortgage rates in more than two months. The average 30-year fixed mortgage rate fell to 7.41% from 7.5...Read More
 
Building Permits Hold Steady Despite Slide in Housing Starts
10/23/2026 1:50 PM
Residential construction failed to find even footing in September, with housing starts declining and single-family building permits pulling back, while total permits held nearly steady and completions edged higher. This week"s Census Bureau data highlights weakness in new construction, particularly on the single-family side, while starts and comple...Read More
 
Builder Confidence Hits Lowest Level Since 2012
10/23/2026 1:46 PM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) dropped three points to 29 in October--its lowest level in 14 years. As per usual, higher mortgage rates, rising costs, and worsening labor and lot conditions were the driving factors.  All three component indices declined, with prospective buyer traff...Read More
 
Existing Home Sales Treading Same Old Water
10/16/2026 1:52 PM
If you"re busy, we can make this quick. Existing home sales dropped sharply from over 6m units per year starting in 2022 and had bottomed out around 4m units per year by the end of 2023. They"ve done essentially nothing exciting since then and the latest update is no exception. The end.  If you prefer to read an article-sized article, here ...Read More
 
Only a Modest Decline For Mortgage Apps. Next Week Should Improve
10/16/2026 1:45 PM
Mortgage applications continued to lose ground as mortgage rates held near their highest levels in nearly three years. The Mortgage Bankers Association (MBA) reported a 2.7% decline in total mortgage application volume for the week ending October 9. That"s an important date, because a substantial majority of a fairly sharp decline in interest ra...Read More
 
Higher Rates Sapped Mortgage Demand, Surprising No One
10/2/2026 3:09 PM
Mortgage demand shocked no one by declining last week as mortgage rates climbed to their highest level in nearly three years. The Mortgage Bankers Association (MBA) reported a 6% drop in total mortgage application volume for the week ending September 25. Both sides of the market moved lower, with the seasonally adjusted Purchase Index falling 4...Read More
 
Home Prices Keep Climbing, Just Not Everywhere
10/2/2026 2:44 PM
Home prices picked up a little more speed in July, as both FHFA and the S&P Cotality Case-Shiller Home Price Indices showed stronger annual appreciation than in their previous readings. The gains remain relatively modest by historical standards, and while nominal prices are still moving higher nationally, the picture looks considerably less...Read More
 
New Home Sales Back in The Range After Uncommonly Big Bounce
9/25/2026 3:34 PM
The new home market returned to the longer-term range last month, with sales seeing their 4th biggest rebound in 4 years.  Sales of new single-family homes rose to a seasonally adjusted annual rate of 684,000 in August, up 6.4% from July"s revised 643,000 but 2.0% below the same month last year. The increase puts sales back above the 60...Read More
 
Refi Demand Logically Lower While Purchases Grind Sideways
9/25/2026 2:31 PM
Mortgage demand remained subdued last week as the 30-year fixed rate climbed above 7%. The Mortgage Bankers Association (MBA) reported a 1.5% decline in total mortgage application volume for the week ending September 18, following a 4.1% drop the week before.  Purchase activity was the only saving grace. While technically 1% lower week-over...Read More
 
Pending Sales Rebound Slightly as Regional Results Diverge
9/18/2026 2:55 PM
Pending home sales edged higher in August as gains in the South and West offset declines in the Northeast and Midwest. The National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI), which tracks signed contracts on existing homes, increased 0.3% from July but was down 4.7% from a year earlier. The modest increase came despite a...Read More




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