Housing Finance Watch (Week 12, 2025)

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Key takeaways:

• The median purchase rate stayed constant at 6.5% in week 12, 2025.
• According to Mortgage News Daily, the avg. 30-year rate was 6.77% on March 24^th.
• Purchase rate lock volume was down 30% from the same week in 2019, and down 9% YoY.
• Preliminary YoY HPA was 3.2% in February 2025. It is projected to be 2.6% and 2.2% for March 2025 and the first three weeks of April 2025, respectively.
• Despite subdued purchase activity and relatively high rates, YoY HPA remains robust, largely due to buyers being well-qualified.