Driven by increased activity in the jumbo mortgage market, the MBA reported mortgage credit availability on the rise to begin Q4, as lenders have begun to offer more ARM products to offset mortgage rates that reached nearly 8% in the second half of October.
Read More »Purchase, Refi Apps Both Show Gains
A consistent decline in mortgage rates has attracted the attention of buyers and those seeking refis, as the MBA reports a rise in mortgage apps in excess of 7% week-over-week.
Read More »Second Consecutive Week of Rate Drops Spurs App Volume Uptick
After a historic decline in mortgage rates last week, a second consecutive week of rate drops has given way to a 2.2% rise in overall mortgage applications.
Read More »Homebuying vs. Mortgage Apps
Application volumes declined for the third week as a tough home buying market began to make an impact. Click through to learn what other factors affected apps.
Read More »Mortgage Apps Decrease, Led by Refis
The mortgage rates, which are usually responsible for the rise or fall in mortgage applications, have remained stable for a few weeks now. Yet, mortgage apps decreased 1.1 ...
Read More »Mortgage Applications Decrease as Rates Rise
Mortgage applications decreased 6.6 percent from a week earlier as rising interest rates made the prospect of buying a home more costly for potential homebuyers. According to data ...
Read More »Rising Interest Rates See Mortgage Applications Decline
A rise in mortgage interest rates saw mortgage applications decrease 2.6 percent from one week earlier, according to data from MBA Weekly Mortgage Applications Survey released on Wednesday. ...
Read More »Rising Housing Demand Leads to Increase in Mortgage Applications
Mortgage applications grew on the basis of a strong economy and an upsurge in post holiday demand in the housing market.
Read More »Mortgage Rates Break Out of Downward Cycle
A Freddie Mac report detailed the first upward movement of mortgage rates in 2017. What does this mean for the industry?
Read More »Mortgage Rates Continue to Sink
According to figures released Thursday by Freddie Mac, the 30-year fixed mortgage rate averaged 3.80 percent (0.6 point) for the week ending December 18, down 13 basis points from last week's survey. Last year, the 30-year fixed-rate mortgage (FRM) averaged 4.47 percent.
Read More »