Housing Market Tracker: Inventory is negative YOY
Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940… Read more »
Category: Mortgage
Record apartment supply is good for mortgage rates
What is the best news for mortgage rates long-term? It’s getting more supply of apartments! The best way to fight inflation is always by adding more supply; if your goal… Read more »
Cooler inflation data sends mortgage rates lower
On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected, and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline… Read more »
Mortgage rates blow past industry predictions
Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Economists had predicted rates would rise as the… Read more »
Originators gear up for the purchase market
This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing… Read more »
Borrowers withdrew $63B in equity in Q2
Homeowners withdrew $63 billion in equity in the second quarter of 2021, according to the latest numbers from Black Knight, the most in a single quarter in nearly 15 years…. Read more »
What a dismal jobs report means for the housing market
April was supposed to be the month that proved America’s economy had definitively kicked back into full gear. After all, roughly one million jobs were added in March, roughly 40%… Read more »
Could the great refi boom finally be over?
A growing chorus of mortgage industry observers believe the final week of February might have been the last hurrah for sub-3% mortgage rates. And the proof is in the refi… Read more »
The housing bubble boys blew it in 2020
The NAR existing home sales report released today blew out all estimates with 6,540,000 in existing home sales. This epic headline punctured any bubbles the 2020 bubble boys had left… Read more »
Mortgage applications for home purchases increase
Applications for mortgages to purchase homes gained for the fourth consecutive week while refinancings dropped, the Mortgage Bankers Association said in a Wednesday report. A seasonally adjusted index measuring purchase… Read more »