Economic & Housing Research
Weekly Commentary and Economic Update
Mortgage rates fell slightly to 3.65 percent this week, positive news for potential homebuyers in the market this spring. Purchase applications in 60 of the 100 markets that MiMi tracks are up from the same time last year, including 20 markets that are showing double-digit increases. Reinforcing this positive momentum, existing home sales surged 6.1 percent to a seasonally adjusted annual rate of 5.19 million units in March, the highest annual rate since September 2013. Housing inventory rose 5.3 percent to 2 million homes for sale, but unsold inventory was little changed at a 4.6 month supply.
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>> Next Update: April 30
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.