Falling Mortgage Rates Are Jump-Starting a Stagnant Housing Market
The 30-year fixed-rate mortgage is down nearly a whole percentage point from its 2022 peak, and that boost in affordability is motivating prospective buyers to make a market comeback
As Interest Rates Fall, Mortgage Demand Jumps 28% In One Week
Interest rates are down to their lowest level since September, and that slight improvement in housing affordability is motivating buyers to make a hasty return to the for-sale market
Housing Activity Is Plummeting, but Not for Much Longer, Experts Say
Soaring mortgage rates are leading to a sharp drop in housing affordability, and subsequently, in homebuyer demand, but rate hikes may have already reached their peak
As Interest Rates Fall, Refinance Demand Surges in First Week of 2023
Mortgage rates fell slightly at the start of 2023, causing a slow but steady rise in refinancing applications to kick off the new year
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Financing
Nearly Half of All Homebuyers Who Took Out Adjustable-Rate Mortgages Regret Their Decision
As mortgage rates began climbing at the start of 2022, a number of homebuyers took out adjustable-rate mortgages with the hope of saving money, but as rates continue to rise, many now regret doing so
Affordability
Millions Priced Out by Soaring Mortgage Rates in 2022
As the Federal Reserve doubled down on its efforts to tame inflation, millions of households were priced out by higher mortgage rates in 2022
Financing
How Low Will Mortgage Rates Go in 2023?
After soaring to a peak 7% in 2022, interest rates are expected to fall by more than a percentage point in 2023, but for a number of priced-out buyers, a slight increase in housing affordability won't be enough
Housing Policy + Finance
Central Bank Isn’t Backing Down—More Rate Hikes Ahead in 2023
The Federal Reserve is gearing up for another aggressive year of rate hikes meant to slow inflation, and while economists are optimistic, homebuyers are losing steam
Financing
Mortgage Demand Plunged at the Close of 2022 as Interest Rates Inched Higher
Mortgage application volume posted a double-digit decline during the last week of 2022 as interest rates climbed toward 7% after falling two weeks prior
Financing
Conforming Loan Limits Top $1 Million in High-Cost Markets
For the first time on record, the baseline conforming loan limit in high-cost areas has surpassed $1 million, meaning that fewer homes will require a jumbo loan in the year ahead
Housing Policy + Finance
FHA and GSE Loan Limits Will Increase in 2023
Rising FHA and GSE loan limits offer a glimmer of hope for the new-home sales market ahead of 2023
Financing
Just 3 in 100 Pandemic Homebuyers Are at Risk of Falling Underwater on Their Mortgage in 2023
Even if home prices fall 4% in 2023, pandemic homebuyers are backed by low fixed mortgage payments, strong credit, and a steady stream of equity
Builders
In the Race to Sell, Builders Are Offering Major Price Reductions
Home builders are offering rate buydowns to prospective buyers in order to bolster demand and sell homes faster
New-Home Sales
Builders Are Slashing Prices to Sell Homes, but Not at 2008 Levels
Home builders are reducing sales prices and offering incentives to budget-conscious buyers, but at a much more reserved pace than in 2007 and 2008
