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Average Rate 6.87% -0.05% today
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Avg Home Price $412,500 +2.3% YoY
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Applications 234K -5.2% weekly
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Housing Inventory 982K +8.1% MoM

Rate Trends - 30 Year Fixed

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Powered by Freddie Mac PMMS data

🔥 Market Highlights

  • Rates expected to stabilize in Q2
  • First-time buyer activity increasing
  • Refinance applications down 18% YoY
  • New construction permits up 4%

📰 Latest News

  • Fed signals potential rate cuts later in year
  • Housing starts beat expectations
  • Existing home sales report coming Friday
  • MBA mortgage applications index released