Purchase lending dropped to a 12-year low in Q1 and pending sales fell for a 2nd straight week
A new Coldwell Banker survey points to early signs the lock-in effect is loosening
Mortgage rates reached 6.38% as the Iran war rattled bond markets
The drop in monthly payments, Redfin reported, followed a decrease in mortgage rates, with 30-year fixed-rate mortgages ultimately hitting a 2025 low of 6.12% on Tuesday
As home price growth has slowed, mortgage payments have decreased and days on market have risen, homebuyers dip their toes back into the market, according to a new report from Redfin
Applications for refinancings and purchase loans are both down from a week ago