Even if interest rates weren't rising, home prices are very high relative to income. So, people are getting priced out and rising mortgage rates are making it worse.

There is a strong push among immigrants to purchase homes. About a decade ago, this country had a surge in immigrants who have only recently begun the home buying process.

It is very evident that the steam is coming out of the housing market even though rates moved down.

In order to purchase a home, a lot of people have to resort to risky mortgages.

People who spent money on travel and luxury goods are spending more money entertaining themselves at home.

During the holiday-shortened week, the MBA may have overcompensated its seasonal adjustment of the data.