Financing Homeowners in These States Face the Strongest Mortgage Rate Lock-in Effect In states with high housing costs, such as California and Hawaii, a homeowner’s mortgage payments could increase by $1,000 per month if they were to buy a new home
Financing The Mortgage Market Faces a Historic Downturn as Rates Rise Mortgage applications have been at multi-decade lows since 2022
Financing Foreclosure Activity in the US Housing Market Is Down Year-Over-Year Despite lower rates of foreclosure activity nationwide, some states continue to see the amount of foreclosure filings increase
Single-Family Homes Single-Family Delinquencies Decrease, While Multifamily Delinquencies Are on the Rise The single-family delinquency rate is now below pre-pandemic lows
Financing Data Show 24% of Homeowners Now Have Mortgage Rates Above 5% As mortgage rates continue to rise, there could be a shift in refinancing trends
Market Data + Trends A Record Number of Homeowners Don’t Have Mortgages Right Now Mortgage rates are high, but many households remain unaffected due to the number of mortgage-free homes
Financing Home Costs Remain Elevated but the Housing Market Is Expected to See a Drop in Foreclosures A majority of homeowners secured mortgage rates prior to price increases, keeping their costs low
Market Data + Trends US Homeowner Equity Is on the Rise as Home Values Increase National home prices are expected to rise 3.7% by March 2025
Affordability Median US Down Payment Falls by More Than $4,000 The recent decrease in costs is welcome relief for homebuyers, but many West Coast markets remain expensive
Economics Mortgage Rate Declines Could Boost Home Sales Following Months of Low Activity Encouraging economic news bumped mortgage applications up by 2.6% for the week ending May 3
