Latest News

Mortgage rates fell for the first time in three weeks to 6.65%; home-price growth accelerated slightly in January as buyers fought over tight supply; pending home sales improved by 2.0% in February; mortgage applications remain flat; monthly housing payments hit an all-time high of $2,807 during the four weeks ending March 23; and the spring […]

Sales of previously owned homes rose 4.2% in February; mortgage rates increased for the second week in a row to 6.67%; mortgage applications decreased 6.2% from one week earlier; home prices were flat year over year for the first time since October; loans in forbearance decreased slightly to 0.38%; and mortgage applications and home tours […]

Overview Due to severe storms, straight-line winds, flooding, landslides, and mudslides in Kentucky, FEMA has declared the following counties a disaster. FEMA has established the Incident Period End Date and updated counties are listed in bold. Incident Period: February 14, 2025 - March 7, 2025 State FEMA Disaster Declaration Counties Kentucky 02/24/2025 Breathitt, Clay, Estill, […]

Refinance activity went up 16% this week, while purchase applications rose and rates declined for the sixth consecutive week; mortgage credit availability increased for the third consecutive month; new home purchase activity, in line with seasonal patterns, strengthened in February; and home prices and time on the market is near year ago levels, while overall […]

Mortgage applications increased 20.4% from one week earlier; interest rates fell to 6.63% this week, the largest weekly decline since September; construction costs could increase by 4% to 6% over the next 12 months due to tariffs; consumer credit delinquencies hit a five year high; more first-time buyers are entering the market; and home prices […]

Overview Due to severe storms, straight-line winds, flooding, landslides, and mudslides in Kentucky, FEMA has declared the following counties a disaster. Updated counties are listed in bold. Incident Period: February 14, 2025 and continuing  State FEMA Disaster Declaration Counties Kentucky 02/24/2025 Breathitt, Clay, Estill, Floyd, Harlan, Johnson, Knott, Lee, Letcher, Martin, Owsley, Perry, Pike, and […]

Overview Due to severe storms, straight-line winds, flooding, landslides, and mudslides in West Virginia, FEMA has declared the following counties a disaster. Incident Period: February 15, 2025 and continuing State FEMA Disaster Declaration Counties West Virginia 02/26/2025 McDowell, Mercer, Mingo and Wyoming Re-Inspection by Product Type If your loan is … A re-inspection is required […]

Overview Due to severe storms, straight-line winds, flooding, landslides, and mudslides in Kentucky, FEMA has declared the following counties a disaster. Incident Period: February 14, 2025 and continuing State FEMA Disaster Declaration Counties Kentucky 02/24/2025 Breathitt, Clay, Floyd, Harlan, Knott, Lee, Letcher, Martin, Owsley, Perry and Pike Re-Inspection by Product Type If your loan is […]

Pending home sales dropped 4.6% from December, the lowest level on record; mortgage rates dropped for the sixth straight week to 6.76%; mortgage application payments increased 3.7%; home prices grew 3.9% in December from a year earlier; the housing market continues its shift toward a more balanced state, with prices remaining on a downward trend […]

The average 30-year fixed mortgage rate fell for the fourth straight week to 6.87%; applications to purchase newly constructed homes rebounded 19% from December; mortgage applications decreased 6.6% from one week earlier; the total value of the U.S. housing market grew 5.2% year over year; and the U.S. housing market tilted in favor of buyers […]