| Indicators of homebuying demand and activity |
|
Value (if applicable) |
Recent change |
Year-over-year change |
Source |
| Daily average 30-year fixed mortgage rate |
7.07% (Jan. 2) |
Down from 7.14% 2 weeks earlier |
Up from 6.7% |
Mortgage News Daily |
| Weekly average 30-year fixed mortgage rate |
6.91% (week ending Jan. 2) |
Highest level since July |
Up from 6.61% |
Freddie Mac |
| Mortgage-purchase applications (seasonally adjusted) |
|
Down 13% from 2 weeks earlier (as of 2 weeks ending Dec. 27) |
Down 17% |
Mortgage Bankers Association |
| Redfin Homebuyer Demand Index (seasonally adjusted) |
|
Essentially unchanged from a month earlier
(as of week ending Dec. 29)
|
Down 1% |
Redfin Homebuyer Demand Index a measure of tours and other homebuying services from Redfin agents |
| Touring activity |
|
Down 52% from the start of the year (as of Dec. 28) |
At this time last year, it was down 55% from the start of 2023 |
ShowingTime, a home touring technology company |
| Google searches for “home for sale” |
|
Up 30% from a month earlier (as of Dec. 28) |
Down 4% |
Google Trends |
Written by: Dana Anderson
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