Wells Funding Group

Pending home sales typically take 30-60 days to register. Mortgage rates above 6.64%, and especially over 7%, negatively affect this data. Rates under 6.25% have been the sweet spot for years.

Historically, mortgage spreads hover between 1.6% and 1.8%. Last week, they reached 1.93% flat, up from the week before. Let's look at how this compares to the worst levels seen in the last three years, given the current ten-year yield.

Even with the recent oil shock and market drama, spreads haven't climbed to 2023 or 2024 levels. The current high of 2.11 percent is a significant improvement. Stay informed on market movements.

Mortgage spreads, the gap between ten-year yields and current mortgage rates, have significantly improved lately. They are now almost back to the lowest levels seen in years.

Could mortgage rates soar past 7% in the coming years? If 2023-2025 mirrors current mortgage spread levels with a ten-year yield as is, rates could indeed climb. This would significantly impact the housing market's ability to grow.

Home price reductions are down year over year. This indicates houses are being priced correctly, allowing buyers and sellers to reach agreements without significant cuts. The market shows a healthy balance.

Exciting news in the real estate market! We've surpassed 80,000 new home listings weekly. The next goal is to consistently see growth between 80,000 and 100,000 new homes listed each week. This indicates a strong and active market.

Despite potential negative weeks, inventory is significantly better than 2021 and early 2022. We're in a much healthier spot. market estate trends update

A key forward-looking indicator suggests a surge in home sales is on the horizon. Last week saw a significant 10% week-over-week gain and a 12% year-over-year increase. Buyers are actively re-entering the market.