The MBA reports a 4.2% week-over-week slide in overall mortgage application volume, with apps for home purchase mortgages falling to levels last reported in April of 1995, as rates shot up to the 7.30% range.
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Home Prices Trend Downward Nationwide in November
For the fifth consecutive month, the S&P Dow Jones Indices reported declining home prices in the U.S., as potential buyers took a bigger step back from the market.
Read More »Home Purchase Mortgage Apps Drop in November
According to new MBA Builder Application Survey data for November 2022, findings show mortgage applications for new home purchases decreased an estimated 25% compared to a year ago.
Read More »Mortgage Rates Fall in the Face of ‘Multiple Headwinds’
A slight drop in mortgage rates may be a sign of market normalization, but lingering economic instability and inflationary issues remain hurdles that prospective buyers are still unable to overcome.
Read More »Purchase and Refi Apps Bounce Back
After a few weeks of declines, mortgage application volume took a giant step forward, as rates continue to dip below the 3% mark.
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