XHB

Mortgage rates roughly unchanged W/W, but down from 2024-peak

Mortgage rates were almost flat from last week, but down from their peak level in 2024. 30-year fixed-rate mortgages averaged 6.78% as of July 25, down from 6.81% a year ago. Freddie Mac Primary Mortgage Survey says rates are down 0.5% from 2024-peak level.

New Home Sales Unexpectedly Fall To 7-Month Low

Mortgage Rates Hit Lowest Point Since February As Investors Anticipate Fed Rate Cuts

Average contract interest rate for 30-year fixed-rate mortgages dropped by 5 basis points to 6.62% last week. Despite the decline in mortgage rates, mortgage applications fell by 2.2% week-over-week. The National Association of Realtors reported a 5.4% decline in existing home sales for June.

Housing Market Crash Is On The Horizon

Existing Home Sales Fall Further As Median Price Reaches Record High

Existing home sales fell for a fourth straight month in June as the median price reached a new record high. The median price for existing homes reached a record high in June, climbing to $426,900, the fifth consecutive monthly rise. Exexisting home sales are down 5.4% compared to one year ago.

Notable ETF Inflow Detected - XHB, KBH, TPH, TMHC

September Rate Cut Bets Drive Down Mortgage Rates: ETFs in Focus

Weekly Report: what happened at XHB last week (0715-0719)?