Mortgage rates have increased for five consecutive weeks, sidelining potential buyers in the middle of the spring homebuying season. Processing Content The 30-year fixed-rate mortgage hit 6.46% this week, an eight-basis-point jump from last week’s 6.38% and the highest mark since early September, according to the Freddie Mac Primary Mortgage Market Survey. The 30-year rate […]
Mortgage rates hit a 7-month high, as buyers retreat Read More »
US mortgage rates climbed for a fourth straight week, rising to the highest since August and denting refinancing and home purchase activity. Processing Content The contract rate on a 30-year mortgage increased 14 basis points to 6.57% in the week ended March 27, according to Mortgage Bankers Association data released Wednesday. In the last four
Mortgage rates march to seven-month high of 6.57% Read More »
Mortgage applications decreased 10.4% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending March 27. On an unadjusted basis, the index decreased 10% compared with the previous week. The refinance index decreased 17% from the previous week and was 33% higher than the
Mortgage rates north of 6.5% trigger sharp drop in applications Read More »
Mortgage rates continued to rise this week, placing more strain on a 2026 spring housing market that was expected to be robust but is now fighting an uphill battle against a slowing economy. Mortgage News Daily reported Monday that 30-year fixed rates averaged 6.55%. That was up 6 basis points from a week earlier but
Inflation fears keep mortgage rates in the mid-6% range Read More »
Iranian Red Crescent workers gather near an apartment hit by an airstrike in Tehran on March 30.Majid Saeedi/Photographer: Majid Saeedi/Getty Treasury Secretary Scott Bessent’s benchmark financial asset — 10-year US Treasuries — are poised to mark their biggest monthly tumble since Donald Trump returned to the White House, casting a shadow over the economic outlook
Iran war threatens Trump dream of lower interest rates Read More »
While housing affordability has improved year-over year in all of the 50 markets tracked by First American, the sizes of the gains have varied across that universe. Plus, on a comparative basis, home prices remain higher than prior to the pandemic. Processing Content A recent analysis from the company quantifies these differences. Consumers’ house-buying power
Some markets thawing in time for spring homebuying season Read More »
Home-price growth continued to slow to start 2026, two new industry reports found, diminishing the real value of homes as inflation rises. Processing Content Home prices rose 0.9% year-over-year and 0.1% month-over-month in January, according to the S&P Cotality Case-Shiller national home price index. Both points were down from December, when prices increased 1.1% annually
Real home value falls as price growth cools, inflation rises Read More »
Bullish gap openings have sent yields back into Thursday’s ranges, the 5-year even back into the gap it left Thursday morning. Treasuries closed mixed on Friday as the yield curve, which has been in a flattening cycle all year, steepened a bit just as it’s doing this morning. Processing Content The flattening trade accelerated the
Treasury curve steepens after weeks of flattening Read More »
As shocking as it may seem with all the crazy things that have happened in 2026 — AI labor disruption headlines, epic snowstorms and especially the Iran conflict — housing demand, even last week, still showed year-over-year growth with mortgage purchase applications data and our weekly pending home sales. However, that growth has slowed and
Housing demand holds up despite mortgage rates at yearly highs Read More »
Two weeks ago on CNBC, I talked about how the housing market was poised for growth for the first time in years — unless mortgage rates shot up due to the war with Iran. Mortgage rates were sub 6% before the war and today they hit 6.62%, according to Mortgage News Daily. That is a
Mortgage rates now closer to 7% than 6% as the Iran war escalates Read More »