Tag Archives: Primary Mortgage Market Survey (PMMS)

With residential construction continuing to slow, the Fed’s rate hike of last week and its ripple effect on mortgage rates may push housing starts down for months to come.

NAR reports that foreclosures and short sales represented less than 1% of total home sales in April 2022, but down slightly from April 2021’s totals.

Homebuilder confidence declined for the fifth consecutive month, as the cost of building materials were up by more than 19% year-over-year.

Rise in both mortgage rates and loan fees for second homes is driving down interest nationwide in vacation homes nationwide.

Despite intense buyer demand, February marked the fourth consecutive month of declines seen in overall pending home sales nationwide.

For the third consecutive month, single‐family houses rose, as buyers cash in on low rates before a predicted hike in the coming months.

Economists have found that improvements in the economy and a rise in wage growth will continue to push mortgage rates upward and decrease consumer house-buying power as 2021 bleeds into 2022.

A new forecast by the MBA finds that while originations are expected to decline 33% from this year, lenders will turn their attention to their servicing business in order to meet profit margins.

S&P CoreLogic Case-Shiller has found that home prices nationwide rose to new highs in May 2021, recording a 16.6% annual gain.

A new study finds that an eager crop of homebuyers is being shunned by higher prices as a result of short supply.