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News
In ‘the Market That Could Have Been,’ Mortgage Rates Hit 14-Month High
3+ day, 22+ hour ago (431+ words) Increase in real estate value. House model and documents on table. Growing price represented by graph, percent signs and arrows Mortgage rates ticked up again this week, seemingly caught in an ongoing cycle of upward pressure as renewed tensions in…...
Home Sales on 3-Month Skid; Future Rests in Fed’s Hands
4+ day, 21+ min ago (782+ words) Existing-home sales fell at a faster rate in the latest report by the National Association of Realtors® (NAR) on Thursday. For August, existing-home sales decreased by 2% on a month-over-month basis and at a seasonally adjusted annual rate of 3.98 million. This…...
Homebuyers Pull Back as Rates Climb to Highest Point Since June 2025
4+ day, 22+ hour ago (222+ words) RISMedia Homebuyers Pull Back as Rates Climb to Highest Point Since June 2025 “More borrowers have shifted to using ARM loans, with the ARM share of applications at 8.5 percent, the highest share since June,” said Joel Kan, CMB, MBA’s vice president…...
Inventory-Balanced Markets Buoy Home-Purchase Application Activity
1+ week, 4+ day ago (199+ words) RISMedia Inventory-Balanced Markets Buoy Home-Purchase Application Activity “In many local markets, potential buyers have plenty of homes to choose, and this is likely supporting transaction volume,” said Mike Fratantoni, MBA’s chief economist. Insurance agent with client at home signing agreement…...
Refinance Activity ‘Dampened” Due to Continued Economic Challenges
2+ week, 4+ day ago (255+ words) House document with keys and pen Economic uncertainty has once again put pressure on mortgage applications, taking a downturn in response to mortgage rates rising once again, according to the latest data. The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications…...
New-Home Sales Slip to Slowest Pace in 2026 as Builders Remain Under Pressure
2+ week, 5+ day ago (468+ words) The new home market continues to face adversity due to economic challenges, as the latest data from the Department of Housing and Urban Development (HUD) and the Census Bureau saw sales reach a new low for 2026. New-home sales in July…...
Rates Still Sitting in the ‘Silver Lining,’ But Future is ‘Volatile’
3+ week, 3+ day ago (381+ words) Property tax.investment planning.business real estate. View Of coin stack with house model, mortgage loading real estate property with loan money bank concept.Home sales and home insurance concept. Mortgage rates remain mostly better historically as this week and…...
Mortgage Applications Decrease as Affordability Challenges Continue
3+ week, 4+ day ago (218+ words) The decrease comes as the average 30-year mortgage rate hit 6.77% last week, elevated but still lower than its recent annual high of 6.81%. The average sits at 6.72% as of this writing. “This divergence suggests a market bifurcated by buyer financial capacity:…...
Pending Home Sales Drop to Lowest Level in 2026 — RISMedia
3+ week, 6+ day ago (521+ words) The mid-to-late summer housing market appears to be plodding along, as pending activity in July slipped to a low for the year, according to the latest data from the National Association of Realtors® (NAR). NAR’s Pending Home Sales report found…...
Condo Mortgages: What Agents Must Know About the Details and Differences — RISMedia
1+ mon, 1+ hour ago (516+ words) Not so very long ago when people decided they were ready to become homeowners, most didn’t even think to consider a condo. The American Dream was a standalone house. It still is, but with limited inventory in many places and…...