U.S. mortgage applications for new home purchases increased 1.2 percent compared from a year ago. Compared to January 2023, applications increased by 4 percent. This change does not include any adjustment for typical seasonal patterns.
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released this week, U.S. builder confidence in the market for newly built single-family homes in March rose two points to 44. This is the third straight monthly increase in builder sentiment levels.
National property broker Redfin is reporting this week that the median U.S. asking rent rose 1.7% year over year to $1,937 in February 2023 - the smallest increase in nearly two years and the lowest level in a year.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending March 10, 2023, U.S. mortgage applications increased 6.5 percent from one week earlier.
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.73 percent as of March 9, 2023.
Posted on January 19, 2023
Posted on December 19, 2022
Posted on October 26, 2022