Late-Q3 national home price growth slowed to 1.4%, while seasonally adjusted gains stayed near flat over the past three months nationwide overall.
Single-family prices yearly ↑1.7% and kept outpacing condos, which were ↓0.9% yearly, while ~80% of major US markets still posted annual gains.
Higher fixed mortgage costs pushed ARM rate-lock share to >11%, yet active first-lien ARMs were only 5.6% of mortgages nationwide at present.
Most ARM borrowers were expected to see modest payment changes, and Mid-Q3 delinquencies rose MoM but remained below pre-pandemic levels overall nationally.
Initial ARM resets are expected to stay limited in 2027, with ~180K first resets scheduled nationally and some older 7-yr loans facing larger jumps.
