Report

Housing Finance Watch (Week 16, 2025)

By Edward J. Pinto | Tobias Peter | Sissi Li

April 21, 2025

PDF to full report

Key takeaways:

  • The median purchase rate increased to 6.625% in week 16, 2025.
  • According to Mortgage News Daily, the avg. 30-year rate was 6.94% on April 21st.
  • Purchase rate lock volume was down 35% from the same week in 2019, and down 22% YoY.
  • Preliminary YoY HPA was 2.6% in March 2025. It is projected to be 2.5% and 2.3% for April 2025 and the first two weeks of May 2025, respectively.
  • Despite subdued purchase activity and relatively high rates, YoY HPA remains healthy, largely due to buyers being well-qualified.

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