Purchase application data
The housing market has seen significant shifts in mortgage rates and purchase application data over the past year. In 2025, we have observed a positive trend in weekly purchase apps data, with encouraging year-over-year growth. Despite mortgage rates remaining above 6.64%, recent improvements in the data indicate a potential increase in existing home sales for the year.
Weekly total pending sales
The weekly total pending contract data from Altos Research provides valuable insights into current housing demand trends. Despite mortgage rates hovering above 6%, positive year-over-year growth in total pending sales data is a promising sign for the market.
10-year yield and mortgage rates
The fluctuation in 10-year yield and mortgage rates has been influenced by recent tariff developments, contributing to market volatility. Despite this, mortgage rates have reached a year-to-date low, with potential for further adjustments based on economic factors.
Mortgage spreads
Despite recent market volatility affecting mortgage spreads, there has been a year-to-date low in mortgage rates. The impact of spreads on rates highlights the potential for rate adjustments based on market conditions.
Weekly housing inventory data
The growth in housing inventory has been a significant development in the market, with weekly inventory showing positive trends. Although not yet at normal levels, the progress is promising for the housing market.
New listings data
New listings data reflects a positive trend in the housing market, with an increase in listings compared to previous years. This shift towards more balanced market conditions is a promising sign for the industry.
Price-cut percentage
The percentage of homes experiencing price cuts has increased in 2025, reflecting market dynamics influenced by inventory levels and mortgage rates. This trend suggests a conservative growth outlook for home prices in the year.
The week ahead: Nothing matters until markets calm down
This week’s focus is on restoring stability to the markets amidst economic indicators and Federal Reserve speeches. Market conditions will play a crucial role in determining the impact of data releases and potential market movements.