Consumers Are Poised to Act When Rates Present An Opportunity
30 Second Market Update
April 14, 2025
According to the Mortgage Bankers Association, mortgage applications jumped 20% the first week of April—the highest since September 2024—as falling interest rates sparked renewed activity in the housing market. Refinance [...]
Baby Boomers are Driving the Housing Market
30 Second Market Update
April 07, 2025
The National Association of Realtors’ 2025 Homebuyers and Sellers Generational Trends report showed that baby boomers have overtaken millennials as the largest group of homebuyers, making up 42% of purchases [...]
Home Prices Continue to Appreciate
30 Second Market Update
March 31, 2025
The Case-Shiller Home Price Index, which is known as the best way to track home prices, showed that home prices went up by 0.6% in January. Compared to last year, [...]
Mortgage Rates Drop to the Lowest Level in Five Months
30 Second Market Update
March 17, 2025
Mortgage rates have dropped to their lowest level in five months, sparking increased activity in the housing market. The 30-year fixed-rate mortgage has reached its lowest point since October 2024, [...]
Mortgage Demand Surges Higher After Interest Rates Drop
30 Second Market Update
March 10, 2025
A recent drop in mortgage interest rates has spurred a surge in loan demand, both from current homeowners and potential buyers. Mortgage application volume rose in the last week of [...]
Real Estate Continues to Heat Up
30 Second Market Update
March 03, 2025
The Case-Shiller Home Price Index, known as the top measure for home appreciation, showed that home prices went up by 0.5% in December after adjusting for seasonal trends. The unadjusted [...]
Time To Buy
30 Second Market Update
February 24, 2025
U.S. home prices rose 0.6% in the month of January from the previously reported number and slightly faster than the 0.5% growth seen in the prior three months. Year over [...]
A Record Percent of Buyers are Planning to Move in 2025
30 Second Market Update
February 17, 2025
A recent NerdWallet survey shows a record-high 15% of people plan to buy a home this year, up from 9-11% in previous years. This signals pent-up demand returning to the [...]
Consumers Might Finally Be Accepting the Higher Mortgage Rate Environment
30 Second Market Update
February 10, 2025
Consumers are becoming less optimistic about mortgage rates decreasing, as Fannie Mae’s latest survey shows a significant drop in those expecting rates to fall—from 45% in November to 35% in [...]
Personal Consumption Expenditures (PCE) Index for December
30 Second Market Update
February 03, 2025
The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) Index, showed a 0.3% monthly rise in December, with annual inflation increasing from 2.4% to 2.6%, aligning with expectations. [...]
Consumers Sing a Different Tune Than the Latest Jobs Report
30 Second Market Update
January 27, 2025
The latest BLS Jobs Report showed strong job growth and a drop in unemployment from 4.2% to 4.1%. However, consumer surveys tell a different story. The University of Michigan Survey [...]
Inflation Moderation Offers Positive Signal For The Fed
30 Second Market Update
January 20, 2025
The December Consumer Price Index (CPI) report showed a continued moderation in inflation, offering a positive signal for the Federal Reserve’s efforts to control inflation. Even though the shelter component [...]
