Mortgage rates will continue to average above 6% next year, but affordability will improve modestly as the typical monthly payment falls below 30% of a household’s income for the first time since 2022, the Realtor.com® economic research team predicts in its 2026 housing forecast. The forecast predicts mortgage rates will average 6.3% across 2026, a … Read more
The demand for a home loan continues to take an up and down path as applications decreased 1.4% for the week ending Nov. 28, according to the Mortgage Bankers Association. This is down from the week prior when it saw applications increase 0.2%. The total is also adjusted for the Thanksgiving holiday. The Market Composite … Read more
Mortgage rates ticked down on Wednesday as markets awaited the release of more economic data delayed by the government shutdown, and a divided Federal Reserve appeared to be leaning toward another rate cut in December. The average rate on 30-year fixed home loans dipped to 6.23% for the week ending Nov. 26, down from 6.26% … Read more
Mortgage applications slightly increased 0.2% for the week ending Nov. 21, according to the Mortgage Bankers Association (MBA). It’s a tick up from a week ago when new home loan demand decreased 5.2%. Meanwhile, the refinance share of mortgage activity decreased to 53.4% of total applications from 55.4% the previous week. The adjustable-rate mortgage (ARM) … Read more
Mortgage rates increased Thursday as markets awaited the release of the long-delayed employment report for September and continued to assess the latest inflation data in the wake of the government shutdown. The average rate on 30-year fixed home loans edged up to 6.26% for the week ending Nov. 20, up from 6.24% the week before, … Read more
Los Angeles Mayor Karen Bass urged lenders and mortgage servicers to offer extended mortgage forbearance to residents still recovering from the January 2025 Los Angeles wildfires that claimed at least 30 lives, destroyed over 16,000 structures, and scorched nearly 60,000 acres. Following the fires, mortgage delinquencies surged from about 700 to over 4,100 in one … Read more
The demand for home loans decreased 5.2% for the week ending Nov. 14, according to the Mortgage Bankers Association (MBA). That’s a dip from the week prior when applications registered a 6% increase. The decline comes on the heels of mortgage interest rates ticking up to 6.24% for the week ending Nov. 14, according to … Read more
Mortgage rates ticked up slightly on Thursday but essentially held steady as markets took a pause amid cautious optimism over the federal government’s reopening after the longest-ever shutdown, tempered by lingering economic uncertainty. The average rate on 30-year fixed home loans rose to 6.24% for the week ending Nov. 13, up from 6.22% the week … Read more
Over the weekend, President Donald Trump proposed creating a 50-year mortgage to solve the growing housing affordability crisis in America. The idea was met with a mixed response: Some people who have been waiting on the sidelines to own a home for years relished the idea of a new path to ownership paired with lower … Read more
Mortgage applications to purchase a home increased last week, according to data from the Mortgage Bankers Association’s (MBA). It’s an about-face from the week prior, when purchase applications dipped. The MBA’s seasonally adjusted Purchase Index increased 6% for the week ending Nov. 7, compared with one week earlier. The unadjusted Purchase Index was up 3% on … Read more