As home-price growth has flattened, the average down payment has decreased, according to a new industry report. Processing Content The typical homebuyer’s down payment in the United States decreased 1.5% year over year to $64,000 in December, the first drop in five months, Redfin found. That’s 15.2% of the average purchase price, compared with 16.7% […]
Average down payment falls amid price cooling Read More »
After strong showings on Friday, treasuries opened today with small bullish gaps carrying at least the 10 and 30-year yields through what figured to be strong resistance. Processing Content There has been no appreciable change in expectations for future rate cuts. I did see on Friday that there were doubts on Wall Street that the
Treasury gains face critical 5-year inflection Read More »
With mortgage rates near 6% and the snow effect fading away, we got a rebound in the weekly housing demand last week. For me, this is more about the snow impact fading from the data line, as we also saw a pickup in new listings. Housing inventory picked up a smidge, and the year-over-year price
Housing demand snaps back as mortgage rates near 6% Read More »
Mortgage lenders are entering the 2026 spring homebuying season with strengthening business pipelines, fueled by lower mortgage rates, rising refinance incentives and early signs of improving purchase demand. “We’re off to a great start,” Alex Elezaj, executive vice president and chief strategy officer for United Wholesale Mortgage (UWM) said in an interview with HousingWire. “Spring
Mortgage lenders report strong start to 2026 homebuying season Read More »
Mortgage rates dropped for the first time in three weeks but have remained in the same range for the past month. Processing Content The 30-year fixed-rate mortgage averaged 6.09% Thursday, down two basis points from 6.11% last week, according to the Freddie Mac Primary Mortgage Market Survey. The 30-year rate was 6.87% at this time
Mortgage rates slip, but 6% may be the limit Read More »
Federal Reserve Bank of Kansas City President Jeff Schmid said the US central bank should hold rates at a “somewhat restrictive” level, as he expressed continued concerns over inflation that remains too high. Processing Content “In my view, further rate cuts risk allowing high inflation to persist even longer,” Schmid said Wednesday in prepared remarks
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Taking advantage of falling interest rates, largely spurred by narrowing primary-secondary spreads resulting from a White House pronouncement, consumers stepped up rate lock activity, while lenders added products in January, separate reports noted. Processing Content On Jan. 8, Pres. Trump ordered Fannie Mae and Freddie Mac to purchase $200 billion of mortgage-backed securities. This came
Mortgage rate dip ignites refi boom in January Read More »
In a bit of a surprise, to me anyway, treasuries followed up good days yesterday with bullish gap openings this morning. Processing Content Yesterday’s opening trades were the high yields for the day while the low yields were printed in the last 15 minutes. The 30-year finished the day with a bullish outside reversal and
Treasury yields plunge, dollar hits key technical targets Read More »
Mortgage rate declines in early January allowed for refinance opportunities for nearly 5 million borrowers and pushed housing affordability to a four-year high, according to ICE Mortgage Technology‘s February 2026 Mortgage Monitor Report released on Monday. The company also said that 2025 ended with the highest level of negative equity since 2018 and the weakest
Mortgage affordability at four-year high after rates fell in January Read More »
Affordability continues to improve in 2026, with home-price growth flattening and mortgage rates nearing 6%. Processing Content Early January declines in rates helped push affordability to a four-year high, as the monthly principal and interest payment needed to purchase the average-priced home dropped 7%, or $164, year over year to $2,091, reducing the share of
Affordability hits 4-year high as rates near 6% Read More »