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Better mortgage spreads are capping rates in 2025

Housing Wire

Mortgage spreads refer to the difference between the 10-year yield and the 30-year mortgage rate. Inventory is making a strong effort to recover after the challenges of the past five years, even with record-low sales. Weekly inventory change (Jan. 31-Feb 7): Inventory fell from 634,979 to 632,367 The same week last year (Feb.

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Experts weigh usefulness of exclusive listings

Housing Wire

While they previously accounted for only 2% to 4% of listings, that share surged to nearly 8% of new listings by February 2025. Office exclusives, also known as private or pocket listings , refer to residential properties that are marketed privately rather than being broadly shared through the Multiple Listing Service (MLS).

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Logan Mohtashami on CNBC: How rates are impacting supply

Housing Wire

The recent move lower in rates is a good thing for housing “The American public just isn’t into the Fed’s housing policy,” he said on CNBC, in reference to homeowners who are not listing their property on the market. However, he noticed another notable decline in listing since mortgage rates really peaked above the 7% range.

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Mortgage rates hold steady at key level for now

Housing Wire

Weekly housing inventory data My favorite housing data line for 2024 has been seeing the increase in inventory year over year. I firmly believe that housing inventory can grow over time when mortgage rates increase and we see weakness in demand. Here is a look at inventory last week: Weekly inventory change (Feb.

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Housing Market Tracker: Mortgage rates fall after SVB failure

Housing Wire

Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. The 10-year yield, already at a key critical level, couldn’t break higher but reversed and went lower Friday after the jobs report and the news around Silicon Valley Bank. million in 2023.

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Housing Market Tracker: Banking crisis is a new variable

Housing Wire

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. New listing data collapsed, but we are putting an asterisk on that data line for this week.

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Hurricane Helene has exposed $96B in RMBS loans to delinquency

Housing Wire

Researchers used Harvey, Irma and Ida as references for prior hurricanes and their impacts on the RMBS market. Insurance and inventory An alarming statistic is that most homeowners in these areas are not insured by the private insurance market or by the National Flood Insurance Program (NFIP). Across the 100 largest U.S.

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