Weekly Housing Headlines

Mortgage applications decreased 10.0% from one week earlier; the Mortgage Credit Availability Index fell by 1.3% to 103.7 in June; new home applications increased 8.5% in June; homebuilders are slashing prices at the highest rate in 3 years; nearly one third of major U.S. housing markets now see falling home prices; the U.S. housing shortage has hit a record high; and mortgage rates in the U.S. rose for the first time in six weeks.

Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - 7/16/2025
Mortgage applications decreased 10.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 11, 2025.

Mortgage Credit Availability Decreased in June
Mortgage Bankers Association - 7/15/2025
The Mortgage Credit Availability Index fell by 1.3 percent to 103.7 in June. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

June New Home Purchase Mortgage Applications Increased 8.5 Percent
Mortgage Bankers Association - 7/17/2025
Applications to purchase new homes fell in June, consistent with typical seasonal patterns, but remained ahead of last year’s pace.

Homebuilders are slashing prices at the highest rate in 3 years
CNBC - 7/17/2025
Builder confidence in July rose 1 point to 33 on the NAHB index. Still, anything below 50 is considered negative sentiment. The index stood at 41 last July, and it has been in negative territory now for 15 straight months.

Nearly one third of major U.S. housing markets now see falling home prices
CNBC - 7/14/2025
Annual home price growth in June was just 1.3%, down from 1.6% growth in May and the slowest rate in two years, according to ICE, a mortgage technology firm.

2025Q2 Cross-Market Demand Report: Big City Residents Keep Moving Out
Realtor.com - 7/15/2025
Shoppers continue to look for homes in areas other than where they live. In Q2 2025, 58.9% of listing views from the top 100 metros went to homes listed in other metropolitan areas on average — up from 48.1% six years ago.

Mortgage Rates Climb After Five Straight Weeks Of Declines
Financial Advisor - 7/11/2025
Mortgage rates in the US rose for the first time in six weeks. The average for 30-year, fixed loans was 6.72%, up from 6.67% last week, Freddie Mac said in a statement.

U.S. Housing Shortage Hits Record High: Analysis
National Mortgage Professional - 7/14/2025
The U.S. housing shortage has reached an unprecedented level, with Zillow reporting a deficit of 4.7 million homes nationwide. And that’s after a five-year construction surge that set records for housing completions.

Black Americans still face higher mortgage denial rates, study finds
Mortgage Professional America - 7/15/2025
According to a LendingTree study released last week, Black homebuyers faced a nationwide mortgage denial rate of 19% in 2024 — 1.7 times higher than the 11.27% rate for all applicants.

Weekly Housing Trends: Latest Data as of July 12
Realtor.com - 7/17/2025
Annual price growth held steady for the third week in a row, while homes continued to spend more time on the market. Mortgage rates ticked higher while home purchase sentiment dropped.