US Housing Market Chart Pack Low mortgage rates here to stay A narrowing in the spread against the 10-year Treasury yield kept the 30-year mortgage rate close to 4% even as yields reached a three-month high in early November. Mortgage rates are likely to stay... 9th December 2019 · 9 mins read
US Housing Market Chart Pack Tight markets support rental growth The 30-year mortgage rate increased to an eight-week high in October, which helps explain why mortgage applications for home purchase have been trending down since mid-September. A lack of inventory... 5th November 2019 · 9 mins read
US Housing Market Chart Pack Slowing economy weighs on buyer sentiment A slowing economy has increased concerns around job security, which has weighed on mortgage applications for home purchase even as mortgage interest rates have stayed close to three-year lows. Coupled... 11th October 2019 · 8 mins read
US Housing Market Chart Pack Demand unresponsive to lower mortgage rates The 30-year mortgage rate has dropped to its lowest level since late 2016, but that has not given much of a boost to home demand. Indeed, mortgage applications for home purchase dropped back over July... 11th September 2019 · 9 mins read
US Housing Market Chart Pack Lack of inventory keeps home sales grounded The fall in mortgage interest rates gave mortgage applications for home purchase a boost earlier this year, but a lack of inventory meant that did not translate into home sales. (See Chart 1.) Total... 6th August 2019 · 9 mins read
US Housing Market Chart Pack Surge in mortgage approvals not expected to last Lower mortgage rates are not expected to bring an upturn in housing activity. True, there was a strong rise in mortgage approvals last month as borrowers took advantage of falling rates. But this was... 9th July 2019 · 8 mins read
US Housing Market Chart Pack Mortgage rates set to drop to 2½-year lows Mortgage interest rates are set to fall to their lowest level since the end of 2016, but that will not trigger a surge in housing market activity. Concerns over the health of the economy means home... 10th June 2019 · 1 min read
US Housing Market Chart Pack House price growth to slow further as sales stagnate A gentle rise in mortgage interest rates led to a drop in mortgage applications for purchase over April, reversing some of the gains seen since the start of March. Subdued home buying sentiment... 7th May 2019 · 1 min read
US Housing Market Chart Pack Surge in mortgage demand will not be sustained A drop in interest rates gave the mortgage market a shot in the arm in March, with applications for home purchase rising to close to a nine-year high. But we doubt that housing market activity is set... 10th April 2019 · 1 min read
US Housing Market Chart Pack Sharp divergence in new and existing home sales A fall in existing home sales in January, to a three year low, suggests that the housing market slowdown that began in 2018 continued into 2019. Indeed, even after a decline in mortgage interest rates... 12th March 2019 · 1 min read
US Housing Market Chart Pack Surge in mortgage applications will prove short-lived Mortgage applications for home purchase briefly touched a nine-year high in the middle of January, as a drop in mortgage interest rates tempted home buyers back into the market. However, even as... 7th February 2019 · 1 min read
US Housing Market Chart Pack Mortgage demand stalls despite fall in interest rates Mortgage interest rates saw further declines in December, and look set to drop back to 4.5% over the next few weeks. However, a spike in mortgage applications for home purchase in the first half of... 8th January 2019 · 1 min read
US Housing Market Chart Pack Dip in mortgage interest rates boosts housing demand A drop in mortgage interest rates in November led to a welcome boost in mortgage demand, which has risen to a five-month high. That should provide some support to home sales over the next month or two... 10th December 2018 · 1 min read
US Housing Market Chart Pack Home sales fall again New and existing home sales fell again in September, as higher mortgage interest rates weighed on demand. But those homes that are selling are doing so quickly, and the strong labour market argues... 6th November 2018 · 1 min read
US Housing Market Chart Pack Housing market activity slows as interest rates rise Mortgage interest rates have continued to trend higher, and look poised to breach 5% for the first time since early 2011 in October. Alongside mortgage lending standards which are still tight, that... 10th October 2018 · 1 min read
US Housing Market Chart Pack Housing market activity in the doldrums Mortgage interest rates, credit standards and buyer sentiment have all been stable over the past couple of months. But both mortgage applications for home purchase and home sales have seen further... 10th September 2018 · 1 min read
