Tag Archives: Mortgage application volume

With rates still above the 5% mark, mortgage application volume fell for the fourth time in five weeks, hitting a low last seen in December of 2018.

With interest by prospective buyers waning, mortgage application volume fell 11% week-over-week, as economic volatility has forced some households to delay their home search.

Overall mortgage app volume rose for a second straight week, with continued interest in ARMs amid an environment of rising rates.

As mortgage rates exceed the 5% mark, mortgage application volume continues to slide downward, falling 8.3% over last week’s totals.

As mortgage rates cross the 5%-mark, application volume continues to tail off, the share of ARMs apps rose, a positive sign in purchase demand while affordability challenges linger.

With mortgage rates jumping for four consecutive weeks, overall mortgage application volume continues to suffer, dropping 6.3% over the previous week.

Fixed-rate mortgages continue to edge closer to the 5% mark, rising once again to 4.67%, as an increasing number of buyers are shut out due to affordability concerns.  

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.

Inflationary concerns and the Ukrainian conflict are factoring into mortgage rate volatility that is forecast to continue in the short-term.

As the military conflict in Ukraine pushed U.S. Treasury yields lower, the MBA reports that purchase and refi application volume climbed week-over-week.