Economic and Housing Research
Original research and analysis on housing trends, the economy and the mortgage market
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Outlook | October 20, 2023
Economic, Housing and Mortgage Market Outlook – October 2023
The U.S. economy continues to grow at a pace closer to long-term trend as the labor market and consumer spending remain strong. More
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Spotlight | September 21, 2023
Hispanic Homeownership Gap Declines to the Lowest Level in 20 Years
The homeownership gap between Whites and Hispanics of Mexican origin declined to the lowest level in 20 years. More
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Outlook | September 21, 2023
Economic, Housing and Mortgage Market Outlook – September 2023
While overall economic growth has been resilient, the labor market shows signs of cooling off, with job openings down and job growth softening. The labor market slowdown may help reduce inflationary pressures. More
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Spotlight | August 17, 2023
Refinance Trends
Exhibit 2: U.S. Single-Family Refinance Originations - Bar chart of single-family refinance originations in 2022 US dollars. Average refinancing originations from 1990 to 2023 were 358 billion dollars per year. Higher mortgage rates mean refinance origination activity in 2023 has been at the lowest level in almost 30 years. More
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Outlook | August 17, 2023
Economic, Housing and Mortgage Market Outlook – August 2023
U.S. economic growth remains on firm ground, with strong consumption spending and a tight labor market. Although housing market activity has slowed, a demand-supply imbalance is causing a rebound in home prices. More
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Research Brief | July 31, 2023
Temporary Mortgage Rate Buydown Activity Spiked in Late 2022, Now Becoming Less Common
In the second-half of 2022, temporary mortgage rate buydowns increased in popularity. However, several factors explain why temporary rate buydowns remain a niche market. More