Top Real Estate News (March 16, 2025):
- Mortgage Demand Dips as Rates Remain Elevated: Applications for new home loans dropped last week as borrowing costs stayed high. Analysts report that affordability challenges continue to cool homebuyer activity, especially in pricier markets.
- Homebuilder Sentiment Declines: Builder confidence slipped slightly due to continued concerns over high interest rates and slower buyer traffic.
Mortgage Rates (March 16, 2025):
- 30-Year Fixed: 6.89%
- 15-Year Fixed: 6.22%
- Jumbo 30-Year Fixed: 7.05%
(Rates held steady compared to the previous day.)
10-Year Treasury Yield (March 16, 2025):
- Closed at 4.28%
(The yield remained relatively stable, with markets awaiting this week’s Federal Reserve policy update.)
Thanks for reading today’s real estate news!
See you tomorrow,
Chris
