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 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
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
Foreclosures across the U.S. continue to rise—and the increases are in the double digits. “Foreclosure activity continued its steady upward trend in October, the eighth straight month of year-over-year increases. Starts rose nearly 20%, while completed foreclosures were up 32% from last year,” says Rob Barber, CEO at ATTOM, a real estate analytics firm. But … 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
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
A bombshell study has identified rising housing costs as the the primary driver of falling fertility rates in the United States, underscoring the widespread impact of the housing crisis on the nation’s changing demographics. Rising housing costs were responsible for 51% of the total U.S. fertility rate decline between the 2000s and 2010s, according to … Read more
Mortgage rates climbed on Thursday after four straight weeks of declines as markets adjusted their expectations following Federal Reserve Chair Jerome Powell‘s remarks on the likelihood of future rate cuts. The average rate on 30-year fixed home loans increased to 6.22% for the week ending Nov. 6, up from 6.17% the week before, according to … Read more