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Lower mortgage rates are spurring housing demand

Housing Wire

Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. In fact, if mortgage rates head toward 6%, we will have a positive year here. Last year, we saw mortgage rates increase from 6.63% to about 7.50%, leading to challenges in the purchase application data.

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How are mortgage rates affecting housing demand?

Housing Wire

It has been almost two months since mortgage rates spiked again, and my initial thought was this would tank housing demand. We had a positive 18-week period with purchase applications before mortgage rates started rising in September. Initially, the data showed more robust performance as mortgage rates approached 6%.

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Lower mortgage rates spark housing demand heading into spring

Housing Wire

Earlier this year, when mortgage rates soared to 7.26%, a cloud of worry hung over the housing market many feared that home sales would tumble in 2025, fueled by concerns about inflation and tariffs. But when it seemed doom and gloom would prevail, the 10-year yield dropped, pulling mortgage rates lower in a lovely slow dance.

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Rising mortgage rates zap builder confidence

Housing Wire

Todays housing starts data exceeded estimates; however, a closer examination of the report with the builder confidence reveals that the recent rise in mortgage rates , approaching 7.25%, has negatively affected builder sentiment. Since late 2022, our analysis indicates that mortgage rates in the 6%-6.5% This is 15.8 percent (14.4

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Better mortgage spreads are capping rates in 2025

Housing Wire

Another jobs week has come to an end, and amid the chaotic headlines about job numbers, tariffs , and the leadership of the Treasury , mortgage rates remained calm. Better mortgage spreads are limiting how high rates can rise in 2025. Mortgage spreads refer to the difference between the 10-year yield and the 30-year mortgage rate.

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ARM applications reach their highest level since November 2023

Housing Wire

Mortgage demand decreased 8.5% for the week ending April 11, according to the Mortgage Bankers Association (MBA)’s weekly applications survey a stark contrast to the 20% increase seen a week earlier. But this week’s data revealed that the adjustable-rate mortgage (ARM) share of activity increased to 9.6%

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Higher mortgage rates keep the market subdued even as more sellers list their homes

Housing Wire

Mortgage rates continue to rise, serving as a bucket of cold water for lenders and consumers that were warming to lower borrowing costs just a few months ago. According to HousingWire ‘s Mortgage Rates Center , the average 30-year conforming rate was 6.61% on Tuesday. in 2023, but starts for attached properties rose by 3.2%

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