Rising rates and a dwindling demand for refis has pushed mortgage applications down for a third consecutive week, falling to lows last seen in 2000.
Read More »After Sharp Drop, Mortgage Rates Spring Back Upward
Freddie Mac reports that mortgage rates climbed back upward to 5.51% this week, just one week after a sharp drop and paced by “runaway” inflation.
Read More »Higher Rates Impacting the Overall Mortgage Credit Landscape
Mortgage credit availability fell slightly in June, according to the MBA, as mortgage rates reacted to the Fed’s actions in raising the nominal interest rate to curb inflation.
Read More »Mortgage Rates Take ‘Sharp Drop’ Week-Over-Week
Fixed-rate mortgages took a 0.40% dip this week on the heels of recent volatility of the 10-year Treasury yield.
Read More »Mortgage Purchase Activity ‘Hamstrung’ by Market Forces
Ongoing affordability challenges and low inventory are pushing mortgage application volume back down, after a near-month-long stretch of trending upward, according to the MBA.
Read More »After Three-Week Ascent, Mortgage Rates Slip
Following a near-month-long 72-basis point rise, fixed-rate mortgages turned downward this week, signaling a potential reset in the housing market.
Read More »Refi Apps Tumble 80% YoY
As fixed-rate mortgages crawl to the 6%-mark, mortgage application volume did rise slightly for the third consecutive week, but refinance volume trended in the opposite direction, falling 80% year-over-year.
Read More »New Home Sales Pick Up Strength in May
Sales of new single‐family homes in May rose to 696,000, a 10.7% month-over-month rise of April’s recorded total of 629,000.
Read More »Median Home Payments Feeling Impact of Economic Forces
“The ongoing affordability hit of higher home prices and fast-rising mortgage rates led to a slowdown in purchase applications in May,” said Edward Seiler, the MBA's Associate VP.
Read More »Mortgage Apps Jump for Second Consecutive Week
The MBA reports that purchase activity was down 10% year-over-year, as inventory shortages and higher mortgage rates are dampening demand.
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