Mortgages Don't Have to Be Confusing

   The National Association of Homebuilders (NAHB) and Wells Fargo released the monthly Housing Market Index (HMI) this week, showing builder confidence falling to the lowest

   The Census Bureau is out with monthly construction numbers for April showing an uptick in construction activity offset by slightly lower permitting.  While there are

   Home purchase demand improved improved last week according to the MBA mortgage application survey. The improvement over the previous week was fairly modest, but the

   Both of the major purveyors of home price indices have been in agreement for the better part of a year that the average home is

   Mortgage rates were in the process of falling by the end of last week, but they made additional headway during the first half of the

   As is the case for the monthly data on New Home Sales from the Census Bureau, the National Association of Realtors (NAR) Existing Home Sales

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   The Census Bureau released March New Home Sales data this week, and it was near the best levels seen since early 2022.  Before you get

   The National Association of Homebuilders (NAHB) and Wells Fargo publish the Housing Market Index (HMI) each month, otherwise known simply as “builder confidence.”  This month’s

   One would think that the pace of new residential construction largely mirrors the pace of filings for building permits. And while that is generally true

   The Mortgage Bankers Association’s (MBA) mortgage application survey was at the highest combined level since October in last week’s data–a move largely driven by the

   The Mortgage Bankers Association (MBA) released the latest mortgage application data this week showing a modest 1.6% decrease from the previous week.  A slight uptick

   The National Association of Realtors’ Pending Home Sales Index (PHSI) tracks purchase contract signings that have not yet turned into Existing Home Sales. Things haven’t

   There are two dominant home price indices released each month in the U.S.  The Federal Housing Finance Agency (FHFA) is responsible for the most all-inclusive

   It’s not uncommon for certain medications to come with warnings about avoiding certain activities like driving or operating heavy machinery due to the risk of

   This week’s update on refinance application demand accurately reflects the fact that rates came into the week near their recent highs, but managed to fall

   The National Association of Homebuilders/Wells Fargo Housing Market Index (aka “builder confidence”) hasn’t been in a purgatory of sorts, ever since the big interest rate

   The Census Bureau released its New Residential Construction report this week, frequently referred to by its principal component “housing starts” (a term for the start

   The Mortgage Bankers Association conducts a weekly survey on the level of mortgage applications, both for purchases and refinances.  Both data series continue to be

   As is the case with a majority of housing and mortgage market data these days, the Existing Home Sales data from NAR is heavily dependent

   As we noted last week, the timing of the improvements in mortgage rates meant that the previous survey of mortgage applications from the MBA was