October 2026

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Here is a quick rundown from last week: Purchase application data had a 3% week-to-week increase. The start of 2023 has been good, considering mortgage rates have stayed above 6% most of the time. Weekly housing inventory continues

Last week mortgage rates rose as purchase applications and inventory fell, with a noticeable move lower in new listing data. Another week down in 2023 and we’re seeing crazier action in the housing market as purchase application data fell, mortgage rates rose again, and weekly inventory took another dive with a noticeable move lower in

The housing market madness persisted last week as inventory fell and higher mortgage rates took a big bite out of purchase applications. We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger

After another challenging week, the housing market should see seasonal housing inventory increase in the next couple of weeks. The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal

Mortgage rates fell last week after the failure of Silicon Valley Bank spooked bond traders worried about contagion. Last week was wild, and not just for the housing market. We had a 21st-century bank run on Silicon Valley Bank and then the federal government took action over the weekend to stop the contagion. Mortgage rates

Mortgage rates fell as the banking crisis got worse and we may have found the bottom of seasonal housing inventory. The housing market was crazy again last week. 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

If the mortgage market wasn’t so stressed, mortgage rates should be at 5.99% today. In a regular market, they would be closer to 5.25%. The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to

Last week’s housing inventory data shows we still haven’t seen the traditional spring increase in inventory. Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Here’s a quick rundown of the last week: The 10-year yield

Mortgage rates started last week at 6.44% and fell to a low of 6.16%, then ended the week at 6.34%. Expect another volatile pricing week. The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear

Active housing inventory fell 5,383 last week and new listing data is still trending at all-time lows in 2023. The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Purchase application data rose again, with more positive than negative data in 2023. Mortgage rates didn’t move