Charlotte Market Pulse

- Mortgage rates inched up: 30-year fixed at 6.38%, 15-year at 5.74%. - New U.S. listings rose 8.7% in April; median listing prices fell for a sixth straight month. - Charlotte budget proposal includes a 1.89-cent property tax increase plus utility fee hikes starting July 1. - City leaders are seeking a record $125M affordable housing bond to fund new units and anti-displacement work. - Mecklenbur...

30-year fixed mortgage rates sit near 6.31% with modest upticks, while applications slipped 1.6% week over week. Consumer sentiment hit a record low of 47.6, reinforcing affordability pressure and recession caution for buyers. Wedgewood entered federal lobbying as Congress debates limits on large investor purchases of single-family homes. Jackson-Shaw is planning an 885,000-square-foot industrial...

30-year fixed mortgage rates climbed to a two-week high, hovering in the mid‑6% range. MBA data showed total applications down 1.6%, but purchase demand rose 1% and is 21% above last year. HousingWire says the national market feels like 2017 as inventory and new listings climb and absorption stays healthy. North Carolina’s HB 1056 proposes an investor cap, by-right zoning in commercial areas, and...

30-year fixed mortgage rate is about 6.26% today; 15-year fixed around 5.59%, with applications ticking higher. First American reports affordability improved across all top 100 U.S. markets, up 11% year over year. Colorado cities sued the state over housing-law compliance rules tied to grant funding, a policy signal to watch. Fallon Co. secured financing to break ground on a 329-unit multifamily p...

30-year fixed mortgage rates edged up to ~6.28% while 15-year rates dipped to ~5.55%, keeping payment sensitivity high for buyers. Existing home sales fell 3.6% in March; prices still rising due to tight inventory, with median price around $408,800. Virginia passed a law letting churches build affordable housing by right if 60% of units stay affordable for 30 years. Uptown Charlotte office towers...

Mortgage News Daily: 30‑year fixed around 6.42%, applications up 1.8%, refis up 5%. HousingWire: best‑execution rates near 6.30% as volatility lingers. HousingWire tracker: pending home sales ~73,241 with inventory around 743,006. WSJ: move‑in‑ready homes are still selling fast in a slower market. East Charlotte data‑center rezoning draws neighborhood pushback near Reedy Creek. Charlotte council a...

Apologies, missed the 20th -> too busy running the 130th Boston Marathon!  30-year fixed rates eased to about 6.30%, with refi activity up roughly 5% and total mortgage applications up 1.8%. Buyers are delaying purchases: a BMO survey shows many aiming for “forever homes” around age 40 and waiting for lower rates. Proposed “Freedom to Build” legislation would reward communities that ease constr...

Mortgage rates are holding in the mid‑6% range with mostly flat expectations this week Market forces are balanced between easing inflation and global uncertainty National housing is shifting: Sun Belt prices cooling while Rust Belt gains momentum “Affordability economy” is driving buyer behavior toward more stable, lower‑cost metros Spring demand remains soft; mortgage applications up mostly from...

30-year fixed mortgage rate averages 6.279% today; 15-year fixed is 5.689%. Mortgage applications fell about 0.8% last week as buyers stay rate-sensitive. NAR economist Lawrence Yun cut 2026 home sales growth forecast from 14% to 4%. Charlotte and Mecklenburg leaders oppose a state property tax cap that could affect school and city funding. Charlotte City Club was acquired by Dallas-based BNG Hosp...

National 30-year fixed mortgage rates are around 6.28% with 15-year near 5.56%, showing slight week-over-week easing for conventional loans. Rising federal debt could keep mortgage and construction financing costs elevated, limiting affordability relief even if the Fed holds steady. Community bankers support targeted housing policy reforms but want clarity on small-balance loan incentives and cred...

- 30-year fixed mortgage rates eased to about 6.33% today, with 15-year rates around 5.69%. - March housing data showed the second-highest pending listings total since August 2022 and inventory over one million homes. - Bipartisan statehouse efforts are pushing for more housing supply via manufactured homes, ADUs, and church-owned land. - Uptown’s former Wachovia Center is being converted into a m...

30-year fixed mortgage rates eased to about 6.33% today, with 15-year rates around 5.69%. March housing data showed the second-highest pending listings total since August 2022 and inventory over one million homes. Bipartisan statehouse efforts are pushing for more housing supply via manufactured homes, ADUs, and church-owned land. Uptown’s former Wachovia Center is being converted into a mixed-use...

30-year fixed mortgage rates are holding near 6.34%, with 15-year around 5.63%. ICE reports affordability improved year over year in 99 of 100 major markets despite a recent rate rebound. U.S. housing inventory is up about 8% year over year, but still below pre‑pandemic norms. Mecklenburg County is reassessing plans for three new community resource centers amid cost and usage debates. Flournoy pla...

- Mortgage rates holding in the mid‑6% range (around 6.55%) as inflation and energy costs keep pressure on yields. - Japanese homebuilders are rapidly expanding in the U.S., now poised to control roughly 6% of domestic construction. - Labor Department proposal could ease 401(k) access to alternative investments, potentially shifting household risk appetite. - Corning and Meta’s $6B Hickory expansi...

**Mortgage rates snapshot (Money.com)** Freddie Mac’s 30‑year fixed average ~6.46% for the week ending Apr 2, with daily rates still in the upper‑6s. Rates remain volatile and tied to geopolitical pressure. **Rates + global risk (NYTimes)** Mortgage rates rose for the 5th straight week as global uncertainty (Iran conflict) pushed Treasury yields higher—key driver behind affordability pressure. **N...

 30-year fixed mortgage rates are about 6.42%, up roughly 17 bps week over week; purchase applications fell ~10%. First-time buyer age is now 40, pushing retailers to pivot marketing toward renters and budget-friendly home updates.  Labor Department proposed a new, more business-friendly independent contractor test under the FLSA. Equus Capital bought Greylyn Business Park in southeast Charlotte f...

 30-year fixed mortgage rates are about 6.42%, up roughly 17 bps week over week; purchase applications fell ~10%. - First-time buyer age is now 40, pushing retailers to pivot marketing toward renters and budget-friendly home updates. - Labor Department proposed a new, more business-friendly independent contractor test under the FLSA. - Equus Capital bought Greylyn Business Park in southeast Charlo...

- 30-year fixed mortgage rate climbed to about 6.43%, highest since fall, pressuring purchase and refi demand. - Fannie Mae still expects rates to drift below 6% later in 2026, but sees fewer single-family starts this year. - Portland is funding a $400K review of tenant-protection rules to assess impacts on rental supply and affordability. - Lake Norman developer proposes Cornelius hotel, spa, and...

Today’s Highlights  - 30-year fixed mortgage rates climbed to ~6.47%, with 15-year around 5.67% and jumbos near 6.82%. - Economists say the housing market still hasn’t felt “normal” since 2018, with regional splits between Sunbelt supply and other metros. - Policy debate continues as federal affordability efforts face headwinds from regulatory rollbacks and higher building costs. - A SouthPark Mor...

- 30-year mortgage rate climbed to 6.22%, the highest in over three months; 15-year fixed near 5.54%. - Rising energy prices and Iran conflict are lifting Treasury yields, keeping mortgage costs elevated. - Mortgage applications fell about 11% last week as buyers and refinancers pull back. - Policy spotlight: universities could unlock housing supply if approvals and incentives improve. - Charlotte...

- 30-year fixed rates climbed back to about 6.29%, reintroducing spring affordability pressure. - Pending home sales rose 1.8% in February, but momentum could soften as oil prices push rates higher. - Fifteen states plus D.C. sued HUD over guidance that could cut fair-housing funds for states with stronger protections. - Alliance Residential bought a 20.4-acre Huntersville site for a 358-unit apar...

- Mortgage rates jumped to 6.11% this week after bond yields rose on Iran conflict concerns. - February existing‑home sales rose 1.7% to a 4.09M pace, but prices hit a record $398K for February. - Senate passed the 21st Century ROAD to Housing Act, aiming to boost supply and limit large investor purchases. - Terwilliger Pappas seeks up to 360 apartments at Carmel Crossing, replacing prior retail/m...

- Mortgage rates jumped to 6.11% this week after bond yields rose on Iran conflict concerns. - February existing‑home sales rose 1.7% to a 4.09M pace, but prices hit a record $398K for February. - Senate passed the 21st Century ROAD to Housing Act, aiming to boost supply and limit large investor purchases. - Terwilliger Pappas seeks up to 360 apartments at Carmel Crossing, replacing prior retail/m...

- 30-year fixed mortgage rates ticked up to about 6.08%, keeping affordability tight for spring buyers. - February existing-home sales rose 1.7% to a 4.09M annual pace, while median price inched up 0.3% to ~$398K. - Geopolitical uncertainty tied to the Iran conflict is adding volatility to mortgage rates. - Mooresville will reconsider a trimmed 99-home Lake Norman rental community, with traffic mi...

- 30-year mortgage rates dipped to about 6.20% , and applications jumped ~11% as refis picked up. - Inventory is rising but still below pre‑pandemic levels; homes are taking longer to sell, leading to more price cuts. - National affordability pressure is now a political issue, with payments in once‑affordable metros still far above 2019. - Duke Energy rate increases are tightening local budgets, w...