“Mortgage applications decreased for the seventh time in eight weeks, reaching the lowest level since 1996,” said Joel Kan, MBA’s VP and Deputy Chief Economist. “Last week’s decline was driven by a 5% drop in refinance applications, to the weakest reading since January 2023.”
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When Government and Industry Meet
MReport spoke with mortgage industry veteran Frank Pallotta as he approached Election Day in his run for congress in the 5th District of New Jersey.
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 »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. ...
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