Tag Archives: adjustable-rate mortgage (ARM)

After a slight uptick last week, mortgage application volume fell this week, as rates began to rise and fear over rising COIVD cases overshadowed strong jobs reports.

With rates continuing to linger below the 3% mark and job growth showing prolonged gains, mortgage applications are picking up steam, led by a high in refi volume not seen since February.

Even with rates still below the 3% mark, purchase applications slid week-over-week, as affordability issues continue to factor into homebuyers’ decision-making process.

New adjustable-rate products provide more flexible financing solutions for self-employed and first-time buyers.

The up again/down again world of mortgage applications continued this week, dropping after a week of upticks.

Freddie Mac has found that rates are on the slide for the second consecutive week, dipping further below the 3% mark.

Even with rates bordering the 3% mark, both purchase applications and refi volume saw slight declines this week with the continued cloud of low inventory and high prices factoring into homebuyer’s decisions.

Rates climbed slightly this week, but remain in refi-friendly territory as the struggle between low supply and high demand continues in the housing market nationwide.

Contrary to the fact that homes remain in demand, tight supply and a rise in listing prices are driving down mortgage application volume.

With the sudden downward trend in mortgage rates, evidence of increased applications is a bright spot as refinance opportunities emerge again, and house hunters plot their spring strategy.