Instant Reaction: Mortgage Rates, August 29, 2024
Facts: The average 30-year fixed mortgage rate from Freddie Mac dropped to 6.35% this week from 6.46% last week. At 6.35%, with 20% down, a monthly mortgage payment on a home with a price of $400,000 is $1,991. With 10% down, the typical payment would be $2,240. Positive: This is the lowest that mor
Pending Home Sales Dropped 5.5% in July
+1.5% Latest News In March 2026, month-over-month pending home sales improved slightly, with sales rising in the Northeast and South, and declining in the Midwest and West. NAR Chief Economist Lawrence Yun summarized, “Contract signings rose in March despite higher mortgage rates, pointing to pent-u
Trends in Housing Affordability: Who Can Currently Afford to Buy a Home?
Please note: The Tableau data visualization embeds on this page are best viewed on a laptop or desktop computer. Housing affordability has long been a critical issue in the housing market, affecting individuals, families, and entire communities. While the challenges associated with affording a home
July 2024 Foot Traffic
NAR's Market Statistics Dashboard gives REALTORS® exclusive access to monthly local data on: impact analysis of lower rates housing affordability price, sales, & listing trends economic conditions buyer profile and more with breakdowns by age, race/ethnicity, and income. Member Login Required - Acce