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1 week ago | 
aei.org | Edward Pinto |Tobias Peter |Sissi Li
Report Housing Finance Watch (Week 18, 2025) By Edward J. Pinto | Tobias Peter | Sissi Li May 06, 2025 PDF to full reportKey takeaways:The median purchase rate decreased to 6.575% in week 18, 2025. According to Mortgage News Daily, the avg. 30-year rate was 6.90% on May 5th. Purchase rate lock volume was down 33% from the same week in 2019, and down 21% YoY. Preliminary YoY HPA was 2.6% in March 2025.
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2 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 29, 2025. Recent Movements in Rates and Demand. The median purchase rate held steady at 6.625% in Week 17, 2025. Purchase rate lock volume in 2025 week 17 was at a multi-year low, and was down 31% from the same week in 2019, and down 9% YoY. Home Price Appreciation (HPA) and Month’s Supply Trends Through March 2025.
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2 weeks ago | 
aei.org | Edward Pinto |Tobias Peter
Since the introduction of affordable housing goals in 1992, Fannie Mae’s and Freddie Mac’s (the GSEs) housing finance policies have relied on increasing borrower leverage. Following the Great Financial Crisis, Loan-Level Price Adjustments (LLPAs) have been used to transfer revenue generated from lower-risk loans (less leverage) to those with higher-risk (more leverage).
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3 weeks 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 December 2024, January 2025, and February 2025, thus effectively reflecting January’s HPA. The AEI Housing Center’s April release is for March, two full months later. Additionally, we use ICE rate lock data to project April and May 2025’s home price appreciation.
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3 weeks ago | 
aei.org | Edward Pinto |Tobias Peter |Sissi Li
Report Housing Finance Watch (Week 16, 2025) By Edward J. Pinto | Tobias Peter | Sissi Li April 21, 2025 PDF to full reportKey takeaways:The median purchase rate increased to 6.625% in week 16, 2025. According to Mortgage News Daily, the avg. 30-year rate was 6.94% on April 21st. Purchase rate lock volume was down 35% from the same week in 2019, and down 22% YoY. Preliminary YoY HPA was 2.6% in March 2025.
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1 month 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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1 month 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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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 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.
