Tag Archives: Joel Kan

Nationally, mortgage credit availability was on the rise to close out 2021, hitting levels last seen in May 2021, yet 30% below pre-pandemic levels.

Despite overall mortgage app volume on the upswing to begin 2022, the rise in rates has dropped conventional refis to their lowest levels since January 2020.

Continued supply concerns have forced more to reconsider their home purchases, as the year closed out with a decline in overall purchase apps.

A 3% decline in purchase applications was offset by a 2% rise in refi activity as overall mortgage application volume slid for the second consecutive week.

A new report has found that eager home buyers are anticipating a rise in rates with home sales on the upswing in November.

After showing signs of gains, mortgage application volume fell this week, led by a slight drop-off in refi volume.

With rates dropping slightly to 3.10%, a strengthening economy and improvements in employment numbers are two factors that will drive a strong housing market into 2022.

Overall mortgage application volume is on the rise, and with rates just above the 3% mark, refinances led purchase apps in a market still hamstrung by supply concerns.

As mortgage rates begin to ascend, overall mortgage purchase and refinance application volume has begun to tail off.

Mortgage applications rose 1.8% week-over-week, as the 30-year fixed-rate mortgage held steady at 3.10% as more took advantage of continued low rates to refinance.