The national median mortgage payment fell to $2,061 in February from $2,070 in January, as affordability improved modestly, MBA reported.
News in end use
Rising Fuel and Materials Costs Weigh on Construction Profitability
Diesel prices jumped 42.3% to $5.29 per gallon, while construction materials costs hit a near-term high, ConstructConnect reported.
US Commercial and Multifamily Mortgage Debt Outstanding Rises in 2025Q4
Commercial and multifamily mortgage debt outstanding rose 1.5% to $4.99 trillion in 2025Q4, MBA reported.
University of Michigan Releases Final Results of Its Consumer Sentiment Index for March
The Index of Consumer Sentiment fell to 53.3 in March, down 5.8% from February and 6.5% from a year ago.
US Mortgage Rates Continue to Rise in the Week Ending March 26
The 30-year fixed-rate mortgage averaged 6.38%, up from 6.22% the previous week, Freddie Mac reported.
US Weekly Initial Jobless Claims Increase in the Week Ending March 21
The advance figure for seasonally adjusted initial unemployment claims was 210,000, an increase of 5,000 from the previous week.
Number of Canadians Receiving Employment Insurance Declines in January
The number of Canadians receiving Employment Insurance fell 1.9% to 555,000 in January, while the unemployment rate stood at 6.5%.
Canadian Payroll Employment Rises in January
Canadian payroll employment rose 0.2% in January, while job vacancies held near 492,400 and the unemployment-to-vacancy ratio edged down to 3.0.
US Housing Stock Ages as Nearly Half of Homes Pre-Date 1980
Nearly half of US owner-occupied homes were built before 1980, with the median age rising to 42 years in 2024, NAHB analysis of survey data shows.
US Existing-Home Purchase Cancellations Hit Record February Share
US home-purchase cancellations reached 13.7% in February, the highest share for the month on record, with more than 42,000 deals falling through, Redfin reported.