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Recent Articles

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John Burns Consulting: 5.5% remains 'magic' mortgage rate, the tipping point beyond which most consumers say they would not buy a home; 5.5% rate has such a hold on consumers due to mental anchoring, affordability issues, expectations of rate drop
Published: October 02, 2023 by John Burns Research & Consulting
Redfin CEO warns US housing market can't get much worse from here, as high mortgage rates and high prices have crushed affordability for buyers; market is in a freeze and sales slowdown is bound to last 'a long, long time'
Published: September 28, 2023 by Business Insider
US homebuyer affordability fell in August as the national median payment applied for increased 0.37% to US$2,170 from US$2,162 in July; prospective homebuyers' budgets impacted by high home prices and mortgage rates above 7%: Mortgage Bankers Assn.
Published: September 28, 2023 by Mortgage Bankers Association
US 30-year fixed-rate mortgage averaged 7.31% as of Sep. 28, up from 7.19% a week ago; 30-year FRM averaged 6.70% a year ago: Freddie Mac
Published: September 28, 2023 by Federal Home Loan Mortgage Corp. (Freddie Mac)
US mortgage applications decreased 1.3% in week ended Sep. 22 from one week earlier; Refinance Index decreased 1.0%, Purchase Index decreased 2.0%: Mortgage Bankers Assn
Published: September 27, 2023 by Mortgage Bankers Association

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