Tag Archives: Purchase Index

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.

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

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

Overall mortgage application volume fell week-over-week, as investors continue to weigh the impact of rapidly increasing inflation nationwide.

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.

A rise in rates is putting the brakes on the refi market, as overall app volume continues its downward turn.

As rates continue to edge higher, both purchase and refi activity slowed this week with the average loan hitting a record high of $446,000.

As rates shift upward, eager buyers and refinance-seekers are locking in before anticipated hikes continue.

Overall mortgage application volume declined week-over-week, as the pool of borrowers left are losing the incentive to refinance.

A rise in rates over the last week did not stop the charge of conventional purchase applications, as prospective buyers locked in rate before even more drastic increases.