Real Estate News Feed
Mortgage Rates Move Down
Thu, 09 Oct 2025 16:24:11 GMT
Mortgage rates decreased this week, settling to their lowest level in about a year. The 30-year FRM averaged 6.30% and the 15-year is now up to 5.53%. A year ago at this time, the 30-year FRM averaged 6.32%.
Buyers Aren't Budging
Thu, 09 Oct 2025 14:52:19 GMT
Pending sales fell 1.3% from a year ago, the biggest decline in five months, and the typical home that sells is taking 48 days to go under contract, a week longer than last year and the longest September span since 2019.
Sentiment Improves For Remodelers
Thu, 09 Oct 2025 14:51:26 GMT
"Overall, remodelers remain optimistic about the market, although slightly less optimistic than they were at this time last year," according to NAHB Remodelers Chair Nicole Goolsby Morrison.
Govt' Shutdown Delays Purchases
Wed, 08 Oct 2025 14:59:19 GMT
Roughly one in six (17%) Americans are delaying a major purchase like a home or car because of the federal government shutdown, according to a new Redfin survey.
Mortgage Apps Continue To Slip
Wed, 08 Oct 2025 14:58:41 GMT
Mortgage applications decreased 4.7% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 3, 2025.
Record High Cancellations
Tue, 07 Oct 2025 14:42:12 GMT
Roughly 56,000 U.S. home-purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month—the highest August percentage in records dating back to 2017.