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1 week ago | 
aei.org | Edward Pinto |Tobias Peter |Sissi Li
Report Housing Finance Watch (Week 15, 2025) By Edward J. Pinto | Tobias Peter | Sissi Li April 15, 2025 PDF to full reportKey takeaways:The median purchase rate stayed constant at 6.5% in week 15, 2025. According to Mortgage News Daily, the avg. 30-year rate was 6.98% on April 14th. Purchase rate lock volume was down 34% from the same week in 2019, and down 13% YoY. Preliminary YoY HPA was 3.2% in February 2025.
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2 weeks ago | 
aei.org | Edward Pinto |Tobias Peter |Sissi Li
Report Housing Finance Watch (Week 14, 2025) By Edward J. Pinto | Tobias Peter | Sissi Li April 08, 2025 PDF to full reportKey takeaways:The median purchase rate stayed constant at 6.5% in week 14, 2025. According to Mortgage News Daily, the avg. 30-year rate was 6.85% on April 8th. Purchase rate lock volume was down 14% from the same week in 2019, but up 11% YoY. Preliminary YoY HPA was 3.2% in February 2025. It is projected to be 2.9% and 2.7% for March 2025 and April 2025, respectively.
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3 weeks ago | 
aei.org | Edward Pinto |Tobias Peter |Sissi Li
Slides· MethodologyThe American Enterprise Institute’s Housing Center released its monthly update to the AEI Housing Market Indicators on April 1, 2024. Recent movements in rates and demand. The median purchase rate stayed constant at 6.5% in Week 13, 2025. Purchase rate lock volume in 2025 week 13 was down 33% from the same week in 2019, and down 7% YoY. Home Price Appreciation (HPA) and month’s supply trends through February 2025.
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1 month ago | 
aei.org | Edward Pinto |Tobias Peter |Sissi Li
Report Housing Finance Watch (Week 12, 2025) By Edward J. Pinto | Tobias Peter | Sissi Li March 25, 2025 PDF to full reportKey takeaways:The median purchase rate stayed constant at 6.5% in week 12, 2025. According to Mortgage News Daily, the avg. 30-year rate was 6.77% on March 24th. Purchase rate lock volume was down 30% from the same week in 2019, and down 9% YoY. Preliminary YoY HPA was 3.2% in February 2025.
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1 month ago | 
aei.org | Tobias Peter |Edward Pinto
The AEI Housing Center provides the most advanced and timely information on home prices available. For example, the Case Shiller home price index, which will come out later this month, will be an average of October, November, and December 2024, thus effectively reflecting November’s HPA. The AEI Housing Center’s February release is for January, two full months later. Additionally, we use ICE rate lock data to project February and March 2025’s home price appreciation.
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1 month ago | 
aei.org | Edward Pinto |Tobias Peter |Sissi Li
Report Housing Finance Watch (Week 11, 2025) By Edward J. Pinto | Tobias Peter | Sissi Li March 17, 2025 PDF to full reportKey takeaways: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.
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1 month ago | 
aei.org | Edward Pinto |Tobias Peter |Sissi Li
Report Housing Finance Watch (Week 10, 2025) By Edward J. Pinto | Tobias Peter | Sissi Li March 12, 2025 PDF to full reportKey takeaways:The median purchase rate stayed constant at 6.5% in week 10, 2025. According to Mortgage News Daily, the avg. 30-year rate was 6.72% on March 11th. Purchase rate lock volume was down 15% from the same weeks in 2019, and down 13% YoY. Preliminary YoY HPA was 3.9% in January 2025.
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1 month ago | 
aei.org | Edward Pinto |Tobias Peter |Sissi Li
Slides· MethodologyThe American Enterprise Institute’s Housing Center released its monthly update to the AEI Housing Market Indicators on March4, 2024. Purchase Activity and HPA Outlook Given Headwinds. Starting this month, we are switching to ICE for rate lock volume and HPA projection reporting. Purchase rate lock volume in 2025 week 9 was down 13% from the same week in 2019, and down 8% YoY. In January 2025, preliminary constant-quality home prices were up 3.9% from a year ago.
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1 month ago | 
aei.org | Edward Pinto |Tobias Peter |Sissi Li
Report Housing Finance Watch (Weeks 7 & 8, 2025) By Edward J. Pinto | Tobias Peter | Sissi Li February 25, 2025 PDF to full reportKey takeaways:The median purchase rate decreased to 6.625% in week 8, 2025. According to Mortgage News Daily, the avg. 30-year rate was 6.89% on Feb. 24th. Purchase volume was down 19% from the same weeks in 2019, and down 5% YoY, with volume growth slowing with increasing rates. Preliminary YoY HPA was 3.9% in January 2025.
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2 months ago | 
aei.org | Tobias Peter |Edward Pinto
This op-ed originally appeared in National Mortgage News. With a new federal administration in place, some are calling for a reduction in the Federal Housing Administration’s (FHA) mortgage insurance premium (MIP) as a way to “help” borrowers struggling with higher mortgage rates. But history tells us that such a move, particularly in today’s housing market, would backfire—raising home prices, benefiting existing homeowners and real estate agents, and exposing taxpayers to greater risk.
