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Current Market Data

Current Market Data

Instant Reaction: Mortgage Rates, June 1, 2023

Instant Reaction: Mortgage Rates, June 1, 2023

Mortgage rates continued to rise this week, with the average rate on a 30-year fixed mortgage jumping to 6.79% from 6.39% in the first week of May.

Instant Reaction: Mortgage Rates, May 25, 2023

Instant Reaction: Mortgage Rates, May 25, 2023

Following the trend of the bond market, mortgage rates rose to an average rate of 6.57% on a 30-year fixed mortgage from 6.39% the previous week.

Pending Home Sales in April Remained Flat from March 2023

Pending Sales in April Remained Flat from March 2023

The pending home sales pace in April 2023 showed no movement from the previous month but fell 20.3% from a year ago.

Long-distance Movers: Why Did They Move and How?

Long-distance Movers: Why Did They Move and How?

Why are homeowners moving, how did they search for their new homes, and how did they ultimately purchase their homes?

Instant Reaction: Mortgage Rates, May 18, 2023

Instant Reaction: Mortgage Rates, May 18, 2023

With a 6.4% rate, the typical buyer can afford to purchase a home up to $380,000 – $9,000 or 2% less than the median-priced home if they put 20% down.

Instant Reaction: Mortgage Rates, May 11, 2023

Instant Reaction: Mortgage Rates, May 11, 2023

Mortgage rates moved lower this week, with the average rate on a 30-year fixed mortgage dropping to 6.35% from 6.39% the previous week.

Instant Reaction: Jobs, May 5, 2023

Instant Reaction: Jobs, May 5, 2023

A record number of Americans are working, with another 253,000 net new job additions in April.

Instant Reaction: Mortgage Rates, May 04, 2023

Instant Reaction: Mortgage Rates, May 04, 2023

The Federal Reserve raised short-term interest rates again, but this doesn't mean that mortgage rates will rise as well.

Instant Reaction: Interest Rates, May 3, 2023

Instant Reaction: Interest Rates, May 3, 2023

The latest interest rate hike by the Federal Reserve is unnecessary and harmful.

Inventory Constraints Contribute to a Dip in Pending Sales in March 2023

Pending Sales Dip in March 2023

NAR released a summary of pending home sales data showing that March's pending home sales pace fell 5.2% last month and 23.2% from a year ago.