Builder sentiment remained consistent at the close of 2024, as elevated home prices and mortgage rates balanced builders' optimism about a potential improvement in the regulatory business environment by 2025.
Based on CoreLogic's latest Loan Performance Insights Report for September 2024, approximately 3 percent of all U.S. mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), up 0.2% year over year from September 2023.
Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.69 percent as of December 5, 2024.
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased by 0.4 points in November 2024, reaching 75.0, continuing its recent sharp upward trajectory.
Posted on October 25, 2024
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