"So what have the past six weeks indicated since mortgage rates fell below 6.64%? After breaking below 6.64%, we are seeing the demand data we've been looking for. Five out of the last six weeks have shown positive week-to-week results, which complements the positive year-over-year data showing double-digit growth every week. Now, we just need 12-14 weeks of this to make this the third time since late 2022 that the demand data picks up at this level of mortgage rates."
"17 positive readings 12 negative readings 6 flat prints 32 straight weeks of positive year-over-year data 19 consecutive weeks of double-digit growth year over year The most important thing for me to watch in this data is the week-to-week data, which should begin to show growth. We have consistently seen positive year-over-year data throughout the year, as more sellers are listing their homes for sale."
Housing demand improves when mortgage rates drop below 6.64% and move toward 6%. The threshold produced two previous pulses of over 12 weeks of positive purchase application data in late 2022 and mid-2024. After falling below 6.64% again, five of the last six weeks showed positive week-to-week gains and consistent double-digit year-over-year growth. Purchase application data recently registered +7% week-to-week and +23% year-over-year. Year-to-date 2025 shows 17 positive weekly readings, 12 negative, 6 flat, 32 straight weeks of positive year-over-year readings, and 19 consecutive weeks of double-digit annual growth. Week-to-week momentum remains the key indicator to confirm sustained improvement.
Read at www.housingwire.com
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