GS Housing Market Activity Scale

The GS Housing Market Activity Scale rose 2% sequentially for the week of June 7, supported by purchase applications and sales growth despite rising mortgage rates.

Key Takeaways

• 1.The GS Housing Activity index rose 2% sequentially for the week of June 7, driven by a 7% increase in purchase applications and a 3% rise in home sales.
• 2.Mortgage rates rose 4bps to 6.52% for the week, while 30-year fixed rates are down 32bps YOY.

Table of Contents

• Improvement in Purchase Applications and Sales Offset Higher
• How it Works
• Key Findings
• Mortgage Market Update
• Disclosure Appendix

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