Financing | ProBuilder

Two wooden blocks sit on a table. One block has a percentage symbol, and the other has an up and down arrow. A hand moves the second block to show the "up" arrow, symbolizing an increase in rates.

Financing

Mortgage Rates Shoot Back Up to 7%

The 30-year fixed mortgage rate is ramping back up, but why?

A mortgage loan application with a stamp of approval and a set of house keys sitting on top of it

Financing

Mortgage Originations Expected to Grow to $2.3 Trillion in 2025

The total volume of mortgage loans is anticipated to increase by 28% in the new year

A model home and piggy bank sit next to three stacks of coins placed in ascending order from left to right, indicating financial growth

Market Data + Trends

Despite a Slight Drop, Homeowner Equity Remains High

As the housing market cooled in Q3 2024, the rate of equity-rich homes declined quarter-over-quarter, but home equity gains are still at historically elevated levels

Financing

Residential Construction Loan Volume Sees Sharpest Drop Since 2012

Lack of funding sees builder sentiment dip—for now

Financing

More Mortgage Loans Enter Into Forbearance

Even so, foreclosure and delinquency rates remain at historically low levels

Shown is a table with a mortgage agreement, model home, calculator, and several stacks of coins.

Financing

Mortgage Credit Availability Dropped During September

As lending standards have tightened, availability of credit has become more scarce

A hand holds up a key above a mortgage loan contract

Financing

Home Equity Lending Rises to New Levels

As of mid-2024, home equity lending reached its highest point since 2008, with more than 333,000 loans nationwide

Market Data + Trends

Housing Payments Continue to Increase as Insurance Costs Skyrocket

The average monthly mortgage payment has risen to its highest point in history and insurance costs may be to blame

A bridge in New Orleans is illuminated at night with the city skyline behind it

Market Data + Trends

Prospective Homebuyers Say They’ll Continue to Wait for Falling Mortgage Rates

A survey found that 47% of households want rates to fall between 5% and 5.5% before they will consider purchasing a home

A row of new-construction homes in a residential neighborhood

Demographics

Home Equity Among Senior Citizens Reaches Record Levels

Home equity for those aged 62 or older has grown to approximately $14 trillion

An elderly woman stares out the window of her home

Financing

Following Strong September Jobs Report, Mortgage Rates Rise

Mortgage rates increased from 6.26% to 6.53%

A home stands next to stacks of coins. A red arrow sits on top of the coin stacks, showing they are increasing in value from left to right.

Market Data + Trends

Homeowners Remain Locked in Place

Even with rates dropping, most households say they won’t move because of their already low mortgage rates

Financing

Affordability Appears to Improve as the Median Mortgage Payment Drops

Month-over-month, the national median mortgage payment decreased by nearly 4% to $2,057

A closeup image of a hand writing out a check to a mortgage company

Financing

Mortgage Delinquencies Remain Low in August

Both foreclosure and mortgage delinquencies continue to drop, signaling brighter times ahead for homeowners

A foreclosure notice with keys on top sit on a table

Mortgage Rates Shoot Back Up to 7%

Mortgage Originations Expected to Grow to $2.3 Trillion in 2025

Despite a Slight Drop, Homeowner Equity Remains High

Residential Construction Loan Volume Sees Sharpest Drop Since 2012

Home Builders Institute's Schools to Skills Grant Application Open Through December

As Mortgage Rates Rise, Buyers Lose Purchasing Power

Renters Are Choosing Single-Family Homes for These Features