“Mortgage applications decreased for the seventh time in eight weeks, reaching the lowest level since 1996,” said Joel Kan, MBA’s VP and Deputy Chief Economist. “Last week’s decline was driven by a 5% drop in refinance applications, to the weakest reading since January 2023.”
Read More »Slowing House Price Appreciation Expected to Continue
Having slowed from recent peaks, house price appreciation in all top 50 markets analyzed in the latest study from First American revealed the housing market is adjusting to the decline in affordability as the hot pandemic sellers’ market transitions in favor of homebuyers.
Read More »Aggressive Monetary Policy Drives Mortgage Rates Upward
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) had averaged 5.66%. “The market’s renewed perception of ...
Read More »Reaping the Benefits of Falling Mortgage Rates
Mortgage rates have declined again, according to a Freddie Mac survey. How will homebuyers reap the benefits of falling rates?
Read More »What is Causing a Sudden Shift in Refinance?
With interest rates remaining steady, refinances are increasing, according to a recent report. Click through to learn the factors affecting refis and what their rise means for consumers.
Read More »Mortgage Rates See an Uptick
Mortgage rates went up for the second week in a row. See how each type of mortgage performed this week.
Read More »Mortgage Apps, Refis Take a Downturn
New data show that mortgage applications are down to levels not seen in two years. Here’s a breakdown of how applications across various loans performed.
Read More »Why Did Mortgage Rates Decline?
After rising consistently for most of the month, mortgage rates eased this week. Experts weigh in on the factors that impacted rates this week.
Read More »How Did Mortgage Rates Perform?
The FHFA’s monthly survey breaks down the performance of mortgage rates over the last month. Click through for all the details.
Read More »Mortgage Applications Slip Again
As mortgage rates continued to climb, loan applications declined for the second week. But how did they perform compared with last year? Click through to learn more.
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