With mortgage rates averaging 40 basis points higher than one month ago, overall mortgage application volume deviated from the norm and rose slightly week-over-week, led by an increase in ARM volume.
Read More »Mortgage Applications Reach Lowest Level in Nearly Three Decades
“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.”
Read More »Weekly Mortgage Application Volume Up Nearly 4%
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.
Read More »Refi Activity Hits 20-Month Low
With rates on the rise, a slight uptick in purchase apps compensated for a slide in refinance apps, which hit lows last seen in January 2020.
Read More »Mortgage Rates on the Rise
Fueled by the trajectory of both the economy and the pandemic, mortgage rates advanced upward this week; however, the housing market is expected to remain strong as 2021 comes to an end.
Read More »Rise in Rates Push Decline in Mortgage Apps
With mortgage rates hitting near 18-month highs, a new report found a 6.3% slide in both purchase and refi apps week-over-week.
Read More »Slight Rise in Rates Forces Decline in Mortgage Apps
As mortgage rates edge above the 3% mark, borrower incentive to refinance is waning.
Read More »Purchase Apps Hit Five-Month High
Mortgage application volume rose slightly over last week, driven by a five-month high in purchase volume hot lows last seen in July.
Read More »Despite Rise in Inventory, Mortgage Application Volume Declines
Purchase apps have slid week-over-week, while the demand for refis has leveled off, as August saw a boost in the supply of homes nationwide.
Read More »Mortgage Apps Continue to Ride the Refi Wave
Economic uncertainty and a rise in Delta variant cases has kept mortgage rates low over the past month, with refinance volume wavering, yet continuing to outpace purchase apps.
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