Weekly Housing Headlines

Mortgage applications decreased 12.7% from one week earlier; pending home sales in August increased by 4.0% from the prior month and rose 3.8% YOY; the S&P Cotality Case-Shiller National Home Price Index rose just 1.7% YOY, down from 1.9% in June; mortgage rates inched up for the second straight week, averaging 6.34%; and the share of mortgaged U.S. homeowners with a rate of at least 6% rose to 19.7% in Q2, the highest level since 2015.

Mortgage Applications Decreased in Latest MBA Weekly Survey
Mortgage Bankers Association - 10/1/2025
Mortgage applications decreased 12.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 26, 2025.

NAR Pending Home Sales Report Shows 4.0% Increase in August
National Association of Realtors - 9/29/2025
Pending home sales in August increased by 4.0% from the prior month and rose 3.8% year-over-year, according to the National Association of Realtors Pending Home Sales Report.

Home price growth falls for sixth straight month in July
Cotality - 9/30/2025
The S&P Cotality Case-Shiller National Home Price Index rose just 1.7% year-over-year, down from 1.9% in June, marking the sixth consecutive month of deceleration and one of the weakest annual increases in a decade.

Mortgage rates are heading in the wrong direction
Scotsman Guide - 10/2/2025
Mortgage rates inched up for the second straight week, with the 30-year fixed rate averaging 6.34% for the seven-day period ending Thursday, according to Freddie Mac’s weekly rate survey.

Share of Mortgages with Rates Above 6% Climbs to 10-Year High as Americans Adapt to New Normal
Redfin - 9/29/2025
The share of mortgaged U.S. homeowners with a rate of at least 6% rose to 19.7% in the second quarter, the highest level since 2015, according to a new report from Redfin.

Buyer’s Market Appears To Be Over
National Mortgage Professional - 9/29/2025
The share of listings with price cuts dipped from the all-time high of 27% in July to 26% in August, according to an August housing report from Zillow. At the same time, new listings “have slowed to a trickle.”

Affordability Worsens Almost Everywhere
National Mortgage Professional - 9/26/2025
If you thought houses couldn’t become any more unaffordable, think again: Homes are now less affordable than ever in 99% of America’s counties.

Redfin Reports Pending Home Sales Slide, But There Are Bright Spots: Buyers Have Bargaining Power, Starter-Home Sales Improving
Redfin - 10/2/2025
Pending U.S. home sales fell roughly 1% from a year earlier during the four weeks ending September 28, the biggest decline in nearly five months, according to a new report from Redfin.

Weekly Housing Trends: Latest Data as of Sept. 27
Realtor.com - 10/2/2025
Despite falling mortgage interest rates over the past few months, listing and sales activity continues to slow. Buyers remain cautious, with homes lingering on the market longer and prices holding flat.

Homebuyers Interest in Energy Efficiency Is Increasing
National Association of  Realtors - 9/30/2025
Sustainable features, particularly those that reduce costs or offer financial savings, are increasingly influencing home search and remodeling decisions, according to new findings from the National Association of Realtors.