Adjustable-Rate Mortgages Making Comeback

About 10% of mortgage applications are now for adjustable-rate mortgages, above the 2010s levels, with longer intro rates and tighter borrower screening.

Incentives Rise as Builder Confidence Matches 2022 Low

Builder sentiment remains deeply subdued, as the National Association of Home Builders (NAHB) and Wells Fargo’s Housing Market Index (HMI) dipped one point in August to 32—its 16th straight month below the key 50 mark, and matching the lowest level since December 2022. Current sales conditions fell

Mortgage Rates Fall: Is It Enough for Buyers?

With rates declining last week and mortgage applications for home purchases up, there's hope on the horizon for slow markets, NAR said.

Builder Confidence Plateaus in August

High mortgage rates, weak buyer traffic and supply challenges kept builder sentiment low, with price cuts and sales incentives remaining common, the NAHB said.