Tag Archives: conventional loans

While both conventional and government home purchase applications increased last week, activity remains nearly 30% below last year’s pace, as elevated mortgage rates and low supply continue to moderate the market.

A new report from Redfin revealed the share of homes bought with cash is down slightly from November but remains elevated above pre-pandemic levels as high mortgage rates persist, averaging 6.36% in December.

According to a new report from the Mortgage Bankers Association, a decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

Mortgage applications for new home purchases decreased 25.2% in December compared to a year ago, according to a new report from the MBA Builder Application Survey. The data shows the number of applications and estimated sales are more than 20% behind last year's pace.

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.

Driven by last week’s Fed rate hike, both purchase and refi apps tailed off week-over-week, as fixed-rate mortgages advanced beyond the 4% mark, pricing many first-time buyers out of the market.

Here’s why jumbo mortgage offerings are surging in recent months according to recent data.

The latest data from the FHFA indicates an overall fall in mortgage rates. But which mortgage indicator is trending higher? Click through to learn more.

Here’s why more millennial homeowners opted to refinance their mortgage loans, even as new buyers continued to enter the market.

A new report revealed the factors driving a decline in mortgage credit availability while breaking down credit across various loan categories.