For Week Ending April 12, 2025 The national median mortgage payment remained unchanged at $2,205 in February, and was up 1.0%, or $21, compared to the same time last year, according to the Mortgage Bankers Association. For conventional loan applicants, … Continue reading
For Week Ending April 5, 2025 Mortgage application volume increased 20% from one week earlier, according to the Mortgage Bankers Association, as a drop in rates caused a spike in demand. Purchase applications rose 9% from the previous week and … Continue reading
For Week Ending March 29, 2025 A family with a national median income of $97,800 needed 38% of their income to make the monthly mortgage payment on a median-priced new home ($419,200) in the fourth quarter of 2024, according to … Continue reading
For Week Ending March 22, 2025 The median age of U.S. homebuyers is now 56 years old, up from 49 in 2023, according to the National Association of Realtors®’ 2024 Profile of Home Buyers and Sellers. The median age of … Continue reading
For Week Ending March 15, 2025 The U.S. homeownership rate remain largely unchanged in the fourth quarter of 2024, ticking up 0.1% from the third quarter to 65.7%, according to a recent report from Realtor®.com. Homeownership rates remained between 65.6% … Continue reading