
Mortgage Rates Move Back Above 6.5%
After hitting 5.99% as recently as February 27th, top tier 30yr fixed mortgage rates are back over 6.5% for the average lender today--the highest they've been since September 3rd, 2025. The entire month of March has been painful for many corners of the financial market and mortgage rates are n
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New Home Sales Plunge to 3-Year Lows
New home sales took a notable step back in January, reversing much of the prior monthβs strength and highlighting the volatility that often defines this data series. The Census Bureau reported a seasonally adjusted annual rate of 587,000 , down sharply from Decemberβs 712,000 and 11.3% lower than Ja
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Reality Check For Refi Demand
NOTE: the rates discussed in this article are from MBA's weekly survey and pertain to last week. This week's rates have already moved significantly higher according to our daily data. Mortgage application activity fell sharply last week as rising rates weighed on demand. The Mortgage Bankers A
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Builder Confidence Inches Higher Amid Affordability Concerns
Builder confidence ticked slightly higher in March according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), though sentiment remains subdued as affordability concerns continue to weigh on the single-family market. The headline index rose one point to 38 ,
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