1. Home
  2. News
  3. Finance News
  4. Housing Trends

Housing Trends

The housing market is cooling down, mortgage data suggests

Experts say buyers shouldn’t expect to find too many bargains

With home prices at record highs and mortgage rates well over 5%, fewer Americans are buying homes – a fact reflected in the most recent mortgage data.

Last week, the Mortgage Bankers Association reported that applications for mortgages fell by 6.5% in just one week. That was followed by a report from property data firm ATTOM showing that residential mortgage origination in the first quarter of this year fell 18% from the fourth quarter of last year.

That’s the largest qu...

Not sure how to choose?

Get expert buying tips about Housing Trends delivered to your inbox.

    By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Unsubscribe at any time.

    Thank you, you have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

    Recent Articles

    Newest
    • Newest
    • Oldest