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Current Market Data

Current Market Data

Instant Reaction: Mortgage Rates, May 23, 2024

Instant Reaction: Mortgage Rates, May 23, 2024

The 30-year fixed mortgage rate from Freddie Mac averaged 6.94% over the last week.

April 2024 Existing-Home Sales Take a Step Back

April 2024 Existing-Home Sales Take a Step Back

Housing market activity in April 2024 declined 1.9% from March, reaching a 4.14 million seasonally adjusted annual rate.

The Nation's Most Popular and Fastest Growing Metropolitan Areas in 2023

The Most Popular and Fastest Growing Metro Areas in '23

An analysis of data from July 2022 and July 2023 showed that the South maintained its position as the nation's fastest-growing region.

Instant Reaction: Mortgage Rates, May 16, 2024

Instant Reaction: Mortgage Rates, May 16, 2024

The 30-year fixed mortgage interest rate averaged 7.02% over the last week, remaining below the historical average of 7.74%.

Instant Reaction: Housing Starts, May 16, 2024

Instant Reaction: Housing Starts, May 16, 2024

Housing starts in April 2024 bounced back slightly with a monthly gain of 5.7% after a large 17% decline in March.

Single-Family Home Prices Had Gains in 92.3% of 221 Metro Areas in 2024 Q1

Q1 Single-family Home Prices Up in 92.3% of Metro Areas

In Q1 2024, national median home prices rose 5.0% year over year to $389,400, with 28.5% of metro areas seeing double-digit price increases.

Mortgage Rates Push Housing Affordability Down in March 2024

Mortgage Rates Push Housing Affordability Down in March

In March 2024, housing affordability fell, with monthly mortgage payments increasing by 2.8% and the median price of single-family homes rising 2.4%.

Instant Reaction: Jobs, May 3, 2024

Instant Reaction: Jobs, May 3, 2024

News of some cooling in the labor market could mean the topping-out of mortgage rates this week before more sustained declines through 2024.

Instant Reaction: Mortgage Rates, May 2, 2024

Instant Reaction: Mortgage Rates, May 2, 2024

At 7.22%, the 30-year mortgage interest rate has hit its highest point since November 2023; rates are unlikely to move down soon.