Eclipsing the 3% mark for the first time since April, fixed-rate mortgages hit 3.05% this week, with inflationary pressure building due to lingering pandemic issues, and a constricting monetary policy.
Read More »Increase in Purchase Apps Offsets Decline in Refis
Mortgage application volume held steady week-over-week according to a new report, as a slight drop in refis was countered by a rise in home purchases.
Read More »Mortgage Rates Dip Slightly Below the 3% Mark
While rates continue to hover at record lows, a rise in economic and financial market uncertainties, competition remains high for tight inventory as affordability issues linger.
Read More »Slight Rise in Rates Forces Decline in Mortgage Apps
As mortgage rates edge above the 3% mark, borrower incentive to refinance is waning.
Read More »Mortgage Rates Finally Eclipse the 3% Mark
Rates have inched higher and higher over the past few weeks, finally moving past the 3% mark for the first time since late May.
Read More »Purchase Apps Hit Five-Month High
Mortgage application volume rose slightly over last week, driven by a five-month high in purchase volume hot lows last seen in July.
Read More »Mixed Jobs Reports Stabilizes Mortgage Rates
Freddie Mac reports mortgage rates leveling off as COVID variants have led to weaker employment, a drop-off in spending, and declining consumer confidence.
Read More »Despite Rise in Inventory, Mortgage Application Volume Declines
Purchase apps have slid week-over-week, while the demand for refis has leveled off, as August saw a boost in the supply of homes nationwide.
Read More »Mortgage Rates Finding Stable Ground
While still below the 3% range, the window of opportunity for refis remains wide open; however, high asking prices are turning many away from the purchase market despite the record low rates.
Read More »Mortgage Apps Rebound After Down Week
Rates below the 3% mark continue to feed the refi frenzy, as increases were found in both purchase apps and refinances over the previous week.
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