Mortgages Don't Have to Be Confusing

   The Mortgage Bankers Association’s (MBA) latest survey showed a pullback in mortgage applications, with rates dipping slightly after a three-week climb. The week’s numbers were

   The National Association of Realtors’ Pending Home Sales Index (PHSI)—which tracks contract signings on existing homes—has spent more than two years stuck in a rut,

   Both FHFA and Case Shiller released home price data this week with some mixed messages for the housing market. The first thing to remember about

   The Mortgage Bankers Association’s (MBA) weekly application survey continues to track closely with the more granular daily rate data from MND. Both showed mortgage rates

   The Census Bureau reported New Home Sales for April today, and at face value, the news is good.  Economists expected an annual pace of 692k,

   The Mortgage Bankers Association’s (MBA) weekly application survey has been doing a good job of tracking with the more granular daily rate data from MND.

   Two months ago, existing home sales came in at the highest levels in a year according the the National Association of Realtors (NAR). Last month’s

   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