307 articles

30 Second Market Update

Home Sales Higher in September Due to Lower Mortgage Rates

Sales of previously owned homes rose 1.5% in September to a seasonally adjusted annual rate of 4.06 million units, marking the strongest pac…

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Senate Passes Bipartisan ROAD to Housing Act to Boost Affordability and Supply

The U.S. Senate has passed the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025 (S.2651), a major bipartisan housing…

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Refinancing Surges in September

Refinancing surged in September, marking the biggest monthly jump since 2020 as mortgage rates dipped below 6.5% for the first time in nearl…

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Latest ADP Report & What It Means for Mortgage Rates Amid the Shutdown

In September, the ADP National Employment Report showed a decline of 32,000 private-sector jobs — the largest drop in about 2½ years — defyi…

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Summer 2025 Was the Strongest Buyer’s Market in 10 Years

In August, the U.S. housing market reached one of its strongest buyer’s markets on record, with 35.2% more sellers than buyers (about 505,00…

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Mortgage Rates Volatile following the September 17th Fed Meeting

Last week the Federal Reserve cut its Fed Fund Rate by 25 basis points. The Fed Funds Rate is not directly tied to mortgage rates. Instead,…

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Mortgage Demand Jumps as Rates Drop

Mortgage applications surged in the first week of September as interest rates dropped to their lowest level since October 2024. Total applic…

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Fed’s Waller Supports Interest Rate Cuts This September

Federal Reserve Governor Christopher Waller, seen as a potential successor to Jerome Powell as Fed chair in 2026, said he supports beginning…

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Fed Chair Jerome Powell Leaning Toward Interest Rate Cut at September Meeting

Federal Reserve Chair Jerome Powell signaled the central bank is leaning toward cutting interest rates at its September 17th meeting, citing…

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July New Home Purchase Mortgage Applications Increased 6.8 Percent

In July 2025, the Mortgage Bankers Association’s Builder Application Survey (BAS) revealed a 6.8% year-over-year increase in mortgage applic…

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Mortgage Lending Hits Highest Volume Since 2022

ICE Mortgage Technology reports that Q2 saw the strongest mortgage origination volume in nearly three years, driven by both purchases and ca…

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Home Pricing Cools but Forecasted to Push Higher

Cotality, who analyzes housing market activity, reported that home prices went up just 0.1% in June, which is lower than expected and the we…

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