Top Quality and Affordable Homes
National |
Average Rate* |
| 30-Year FHA Rate | 5.33% |
| 30-Year Fixed Rate | 5.83% |
| 20-Year Fixed Rate | 6.42% |
| 15-Year Fixed Rate | 5.04% |
| * Conforming FNMA Loan Amount. Rates may include points. | |
Information updated: 5/12/2026
Who Drives Remodeling Spending?
Residential remodeling is an important and growing sector of the housing market, particularly as elevated mortgage rates and limited housing inventory encourage many homeowners to improve their existing homes rather than move. Moreover, the aging housing stock and persistent housing inadequacy issue continue to drive growing demands for home improvements. In 2024, homeowners spent around […]Builder Sentiment Posts Gain in May but Significant Affordability Challenges Persist
Builder confidence posted a modest gain in May even as buyers grapple with rising mortgage rates and economic uncertainty while builders continue to contend with elevated land, labor and construction costs. Builder confidence in the market for newly built single-family homes increased three points to 37 in May, according to the National Association of Home […]Credit for Builders Tightens in the First Quarter, But Only Slightly
Credit conditions on loans for residential Land Acquisition, Development & Construction (AD&C) were still tightening in the first quarter of 2026, but only slightly, according to NAHB’s quarterly survey on AD&C Financing. The net easing index derived from the NAHB survey posted a first-quarter reading of -2.7. Although still negative (indicating that credit tightened since […]Single-Family Permits Continue to Weaken in Early 2026
Residential construction permitting activity presented a mixed picture through the first quarter of 2026, as weakness in the single-family market contrasted with continued strength in multifamily development. Elevated financing costs, ongoing affordability challenges, and softer builder sentiment continued to weigh on single-family construction activity, while multifamily permitting remained supported by demand for rental housing. Over […]Mostly Unchanged Demand, Lending Conditions for Residential Mortgages in First Quarter
Lending standards and demand for most types of residential mortgages were essentially in the first quarter of 2026, according to the recent release of the Senior Loan Officer Opinion Survey (SLOOS). For commercial real estate (CRE) loans, lending standards for multifamily construction & development were essentially unchanged as well. Compared to the previous quarter, demand for […]Orange County, Riverside County, San Bernardino County, Los Angeles County, San Diego Real Estate!
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