The median purchase rate stayed constant at 6.5% in week 10, 2025.
According to Mortgage News Daily, the avg. 30-year rate was 6.72% on March 11th.
Purchase rate lock volume was down 15% from the same weeks in 2019, and down 13% YoY.
Preliminary YoY HPA was 3.9% in January 2025. It is projected to be 3.4%, 2.9%, and 2.7% for February 2025, March 2025, and the first week of April 2025, respectively.
Despite subdued purchase activity and relatively high rates, YoY HPA remains robust, largely due to buyers being well-qualified.