Tag Archives: Mortgage Applications

Mortgage application volume rose slightly over last week, driven by a five-month high in purchase volume hot lows last seen in July.

Freddie Mac reports mortgage rates leveling off as COVID variants have led to weaker employment, a drop-off in spending, and declining consumer confidence.

Rates below the 3% mark continue to feed the refi frenzy, as increases were found in both purchase apps and refinances over the previous week.

With rates continuing to linger below the 3% mark and job growth showing prolonged gains, mortgage applications are picking up steam, led by a high in refi volume not seen since February.

Even with rates still below the 3% mark, purchase applications slid week-over-week, as affordability issues continue to factor into homebuyers’ decision-making process.

After a down week, mortgage application volume is on the rise, with sub-3% rates powering refi volume as more and more are taking advantage of record-low rates.

June home sales suffered for the third straight month, due to a rise in regulatory costs, high-priced materials, and a lack of labor.

After a few weeks of declines, mortgage application volume took a giant step forward, as rates continue to dip below the 3% mark.

An analysis of mortgage application volume finds a decline in volume, with higher prices continuing to prevail despite rates in the 3% range.

Continued elevated demand and the high cost of building materials are impacting mortgage applications for new homes for the second consecutive month.