Financing | ProBuilder

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Affordability

As Mortgage Rates Drop, Home Affordability Improves

Affordability in the US housing market reached its best level in six months as of August 2024

Pictured are two blocks side-by-side. One has a percentage symbol and the other has an up and down arrow on either side. A hand is turning the second block so the down arrow is on display

Financing

Mortgage Rates Drop to Lowest Point in a Year

Mortgage rates just dropped to 6.35%, so what does that mean for the state of the housing market?

Financing

3 Questions for Homebuyers to Consider While Waiting for Mortgage Rates to Drop

The housing market has seen some ups and downs, but these questions can help buyers make the best decision going forward

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Financing

Shifting Market Dynamics Spur Increase in Refinancing Activity

Compared with the same time last year, the total dollar volume of refinance applications rose by more than 94%

Financing

Adjustable-Rate Mortgages Grow in Popularity

As housing costs remain elevated, more homebuyers are opting for an adjustable-rate mortgage in order to keep up-front payments low

A pen and a calculator sit on top of a mortgage loan application.

Financing

Residential Builders Face Challenging Lending Conditions

Limited credit and rising rates have made it more difficult for builders to secure financing

A crane hoisting up a model home sits on a stack of gold coins, indicating the construction loans needed to build housing.

Government + Policy

State and City Governments Implement New Programs to Help Gen-Z Homebuyers

High costs have made younger generations reconsider homeownership, but these programs aim to change that

Gen Z woman smiling and holding up house key

Financing

Homeowner Equity Grows Despite Mortgage Debt

Outstanding mortgage debt hit an all-time high in June, but rising home prices outpaced that growth. The upshot: a new record high for mortgage holder equity

Financing

New Low for Mortgage Rates Is Good News for Homebuyers

But while low rates are a positive sign for prospective buyers, a drop in rates could also signal challenges in the larger US economy

Wooden model house next to rows of coins in descending height order, showing a decrease in costs

Market Data + Trends

As Home Prices Rise, US Homeowner Equity Reaches New High in Q2 2024

The largest quarterly equity increases were observed in Southern and Midwestern states, such as Kentucky and Illinois

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Housing Markets

These States Have the Highest Share of Assumable Mortgages

As mortgage rates increase, homebuyers are looking for creative ways to purchase a home. Assumable mortgages could provide a way to do that

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Financing

Where Is the Mortgage Market Headed Next?

An expert shares insights on current trends in the mortgage market

Mortgage application with house key on top of it

Financing

Number of Mortgage Loans in Forbearance Increases in June

This is the first time we've seen an increase since October 2022

Affordability

Housing Market Could Improve as Down Payment Assistance Programs Become More Widely Available

There has been an 11% increase in the number of down payment assistance programs year-over-year, allowing more people to purchase homes

One person hands over key with small house keychain attached to another individual

As Mortgage Rates Drop, Home Affordability Improves

Mortgage Rates Drop to Lowest Point in a Year

3 Questions for Homebuyers to Consider While Waiting for Mortgage Rates to Drop

Shifting Market Dynamics Spur Increase in Refinancing Activity

These Are the Best Markets for Buyers and Sellers Right Now

US Rental Market Cools Down Following Several Months of Price Increases

Trends Survey Reveals 4 Residential Design Trends Driven by Rising Costs