Homebuyers Increasingly Paying More Up Front
30 Second Market Update
November 10, 2025
Americans are putting down larger down payments when purchasing homes, according to the National Association of Realtors’ latest annual Buyer and Seller Report. The median down payment has climbed to [...]
Fed Meeting Recap
30 Second Market Update
November 03, 2025
Last week, the Federal Reserve lowered its key interest rate by 0.25%, setting a new range of 3.75% to 4%. The vote wasn’t unanimous: Miran wanted a larger 0.50% cut, [...]
Home Sales Higher in September Due to Lower Mortgage Rates
30 Second Market Update
October 27, 2025
Sales of previously owned homes rose 1.5% in September to a seasonally adjusted annual rate of 4.06 million units, marking the strongest pace in seven months and 4.1% higher than [...]
Senate Passes Bipartisan ROAD to Housing Act to Boost Affordability and Supply
30 Second Market Update
October 20, 2025
The U.S. Senate has passed the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025 (S.2651), a major bipartisan housing initiative included in this year’s National Defense [...]
Refinancing Surges in September
30 Second Market Update
October 13, 2025
Refinancing surged in September, marking the biggest monthly jump since 2020 as mortgage rates dipped below 6.5% for the first time in nearly a year. The Mortgage Bankers Association reported [...]
Latest ADP Report & What It Means for Mortgage Rates Amid the Shutdown
30 Second Market Update
October 06, 2025
In September, the ADP National Employment Report showed a decline of 32,000 private-sector jobs — the largest drop in about 2½ years — defying expectations of gains. With the government [...]
Summer 2025 Was the Strongest Buyer’s Market in 10 Years
30 Second Market Update
September 29, 2025
In August, the U.S. housing market reached one of its strongest buyer’s markets on record, with 35.2% more sellers than buyers (about 505,000 more). According to the Mortgage Baker’s Association, [...]
Mortgage Rates Volatile following the September 17th Fed Meeting
30 Second Market Update
September 22, 2025
Last week the Federal Reserve cut its Fed Fund Rate by 25 basis points. The Fed Funds Rate is not directly tied to mortgage rates. Instead, markets react more to [...]
Mortgage Demand Jumps as Rates Drop
30 Second Market Update
September 15, 2025
Mortgage applications surged in the first week of September as interest rates dropped to their lowest level since October 2024. Total application volume rose 9.2% from the prior week, according [...]
Fed’s Waller Supports Interest Rate Cuts This September
30 Second Market Update
September 08, 2025
Federal Reserve Governor Christopher Waller, seen as a potential successor to Jerome Powell as Fed chair in 2026, said he supports beginning interest rate cuts at the Fed’s September 16–17 [...]
Fed Chair Jerome Powell Leaning Toward Interest Rate Cut at September Meeting
30 Second Market Update
September 01, 2025
Federal Reserve Chair Jerome Powell signaled the central bank is leaning toward cutting interest rates at its September 17th meeting, citing growing risks from a weakening labor market and persistent [...]
July New Home Purchase Mortgage Applications Increased 6.8 Percent
30 Second Market Update
August 25, 2025
In July 2025, the Mortgage Bankers Association’s Builder Application Survey (BAS) revealed a 6.8% year-over-year increase in mortgage applications for new home purchases, along with a 7% rise compared to [...]
