Tag Archives: Refinance Index

As fixed-rate mortgages continue to edge toward 7%, the MBA reports refinance volume has dropped off nearly 90% from last year’s totals, as both refinancing and home purchase apps declined and fell further behind last year’s record levels.

Mortgage rates continue to trend upward, with more buyers retreating from the marketplace, as the MBA reported a 14.2% weekly decline in overall app volume.

Despite overall mortgage application volume dipping 1.2% week-over-week, the MBA reports government mortgage apps rose 4% over last week, as a slight decline in rates may be enticing to first-time buyers.

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.

After nearly a month of declines in mortgage application volume, the MBA reported that apps rose 6.6% week-over-week, as the industry braces itself for the latest rate hike by the Fed.

The MBA reports overall mortgage app volume slid 6.5% week-over-week, with buyers continuing to be shunned by a combo of high rates and prices, amid slowly rising inventory.

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

After weeks of declines, mortgage application volume has trended upward, as refis slowly begin to rise with mortgage rates dipping slightly.

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

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