Last week, the 30-year fixed-rate mortgage rose to a high of 4.02%, spurring a significant decline in refinance demand. Mike Fratantoni, MBA’s SVP and chief economist, said the average size of a refinance loan application fell to its lowest level in 2019.

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Is there a Black Friday looming for home sales too? Home trade-in company Knock forecasted that by the end of September 2019, 67% of listings on the market were expected to sell below their original list prices.

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A new survey finds that people are nearly twice as likely to support policies designed to keep homes affordable compared to policies that would strengthen home values.

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