Economic & Housing Research
Weekly Commentary and Economic Update
Mortgage rates were little changed this week. The rate on 30-year fixed-rate mortgages was 4.02 percent, an increase of just 2 basis points from the previous week. Economic releases confirmed increasing strength in housing. Existing home sales increased 5.1 percent in May to an annual pace of 5.35 million units and new home sales increased 2.2 percent to an annual pace of 546,000 units. Buyers appear anxious to purchase homes before the expected increase in interest rates later this year. Given the tight inventory of homes for sale, a 5.1-month supply at the current sales pace, home prices are being bid up.
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>> Next Update: July 2
We provide information, data, analysis, and insight across a wide range of housing and economic indicators.
Our weekly survey shows the rates, fees, and points for the most popular mortgage products.
Our monthly forecast based on major economic, housing, and mortgage market indicators.
Our monthly look at the stability of the housing market for the nation, each state and the District of Columbia, and the top 100 metros.
Our quarterly review of house price values for the nation, each state and the District of Columbia, and 367 MSAs.
Our quarterly report analyzes the refinancing trends of borrowers who recently refinanced their home loans.