Mortgage application activity rose significantly in January, primarily due to increased refinancing activity as mortgage rates dropped to a new low, according to an analysis from NAHB’s Eye on Housing. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure …
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At the end of December 2025, long-term mortgage rates were at the lowest level since September 2024, continuing the steady decline seen since mid-2025. The 30-year fixed-rate mortgage averaged 6.19% in December, 5 basis points (bps) lower than November, while …
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In November, the average mortgage rate dropped to its lowest rate in over a year, according to Freddie Mac and an Eye on Housing analysis from the National Association of Home Builders (NAHB). The 30-year fixed-rate mortgage averaged 6.24% in November, …
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Mortgage rates in October fell to the lowest rates in over a year, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 6.25% in October, 10 basis points (bps) lower than September and 17 bps lower than October of last …
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A slight drop in mortgage rates led to a large jump in new home sales in August, but a decrease in existing home sales, according to an analysis from the National Association of Home Builders (NAHB). Sales of newly built single-family …
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Mortgage rates continued to decline in August and are now reporting at the lowest rate since November 2024, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 6.59%, 13 basis points (bps) lower than July, while the 15-year rate declined …
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The total home improvement market is projected to grow 3.4% in 2025, a reduction from the 5% growth projected in the Home Improvement Research Institute’s (HIRI) June outlook. HIRI announced findings from its latest U.S. Size of the Home Improvement …
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Mortgage rates increased slightly in April, with the average 30-year fixed-rate mortgage landing at 6.73%, according to Freddie Mac. An analysis from the National Association of Home Builders notes the rising rates followed a sell-off in U.S. Treasury securities, driven …
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