The median purchase rate stayed constant at 6.5% in week 11, 2025.
According to Mortgage News Daily, the avg. 30-year rate was 6.80% on March 17th.
Purchase rate lock volume was down 34% from the same week in 2019, and down 17% YoY.
Preliminary YoY HPA was 3.2% in February 2025. It is projected to be 2.6% and 2.4% for March 2025 and the first two weeks of April 2025, respectively.
Despite subdued purchase activity and relatively high rates, YoY HPA remains robust, largely due to buyers being well-qualified.