Tag Archives: Mortgage Applications

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.

After three weeks of declines, mortgage applications have reversed course, as rates still linger in the purchase and refi-friendly 3% range.

Even with rates bordering the 3% mark, both purchase applications and refi volume saw slight declines this week with the continued cloud of low inventory and high prices factoring into homebuyer’s decisions.

After several weeks of decline, mortgage apps are slowly gaining steam, rising once again and led by an uptick in refi volume.

With the sudden downward trend in mortgage rates, evidence of increased applications is a bright spot as refinance opportunities emerge again, and house hunters plot their spring strategy.

Mortgage applications rose for the first time in seven weeks as rates trended downward and potential refi candidates jumped in and took advantage of record-low rates.

Mortgage apps rose last week nationwide, as low rates and short supply continue to drive the housing market.

While economists expect mortgage rates to increase modestly in 2021, they will remain categorically low, supporting homebuyer demand and leading to continued refinance activity.