Orphe Divounguy of Zillow reports that new single-family home sales surged by 20.5% in August, reaching 800,000 (SAAR), surpassing expectations and marking a 15.4% increase from August 2024. The median…
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Following Fed cut rates drop to 11-month low
Jiayi Xu of Realtor.com reports that mortgage rates dipped to an 11-month low as the Freddie Mac 30-year fixed rate fell nine basis points to 6.26% following the Federal Reserve’s…
Foreclosures up but home equity is high Q3 2025
Megan Hunt of ATTOM Data Solutions reports that U.S. foreclosure activity in August 2025 totaled 35,697 filings, down 1.1% from July but up 18.1% year-over-year. This means 1 in every…
What declaring a National Housing Emergency means
Giulia Carbonaro of Newsweek reports that President Trump is considering declaring a national housing emergency as soon as this fall to address the U.S. affordability crisis, according to Treasury Secretary…
Rent growth turns negative for first time
Logan Mohtashami of HousingWire reports that mortgage rates fell to a year-to-date low of 6.50%, despite political turbulence, including President Trump’s attempt to fire Fed Governor Lisa Cook. The decline…
September rate cut more likely than ever following Powell speech
Ana Teresa Solá of CNBC reports that Fed Chair Jerome Powell signaled possible rate cuts during his Jackson Hole speech, a shift that could lower homeowners’ borrowing costs. Mortgage rates,…
Lowest mortgage rates of 2025
Joel Berner of Realtor.com reports that the Freddie Mac 30-year fixed mortgage rate ticked down five basis points to 6.58% this week, the lowest since October. Despite stubborn inflation data,…
Big moves at the Federal Reserve
Corrie Driebusch of the Wall Street Journal reports that the Trump administration is preparing an IPO for mortgage giants Fannie Mae and Freddie Mac later this year, aiming to raise…
90% chance of a rate cut in Sep 2025
Danielle Hale of Realtor.com reports on the July jobs data showing a moderating labor market, with payrolls up a net 73,000 and unemployment edging to 4.2% (after the prior month…
