Market Trends

Mortgage Rates Up Slightly Despite Midterms and Job Figures

Mortgage rates were up slightly this week, holding firm near 20-year highs after an eventful seven days filled with key monetary policy, economic and political updates. After rising strongly in response to comments from the Federal Reserve indicating that more rate hikes and policy tightening were likely in the coming months, mortgage rates had a muted reaction to the October jobs figures, which showcased a resilient, but softening labor market.

Zillow Research • Nov 09 2022

Mortgage Rates Enjoy a Calm Period, but Choppier Waters are Likely Ahead

Mortgage rates ticked up slightly this week and enjoyed a period of relative calm, as markets eagerly anticipated Federal Reserve policy updates and gauges of the economy for where to head next. But more pronounced movements are likely in the coming days.

Zillow Research • Nov 02 2022

Homes are Staying on the Market for Longer, Meaning That Sellers Must Offer Fewer Tricks and More Treats to Attract Buyers

The typical age of inventory is up 45% from last year, and is 30% less than the pre-pandemic average.

Anushna Prakash • Oct 31 2022

Mortgage Rates Reverse as Investors Expect Moderation

Mortgage rates fell this week, touching 20-year highs before retreating considerably in recent days. The sharp reversal over the past few trading sessions – a rarity these days – suggests that investors may finally be expecting some moderation in the Fed’s pace of monetary policy tightening and some softening in key economic data releases – the two factors that have combined to push rates firmly higher this year.

Zillow Research • Oct 26 2022

September New Home Sales: New Sales Back Down With Rates Climbing

Mortgage rates spiked in September, leading to a slowdown in new construction sales compared to August when rates took a slight dip down.

Nicole Bachaud • Oct 26 2022

September Existing Home Sales: Sales declines continue as market rebalances

Orphe Divounguy • Oct 20 2022

Mortgage Rates Rise on Persistent Inflation

Mortgage rates continued to increase last week as economic data showed more persistent inflation than expected.

Zillow Research • Oct 19 2022

Mortgage Rates Rise to Twenty Year High

Mortgage rates pressed higher again this week, reaching 20-year highs as markets digested economic developments on both sides of the Atlantic.

Zillow Research • Oct 12 2022

Declining Demand Drives Price Pullback

A sharp retreat in demand for housing has helped drive the market to rebalance – and prices to fall – even as listing activity remains subdued

Orphe Divounguy • Oct 12 2022

Mortgage Rates Volatile, Roiled by Geo-Political Events

Markets were extremely volatile last week, roiled by geo-political events, economic data and concerns over the health of Credit Suisse, a large bank.

Zillow Research • Oct 05 2022