Tag Archives: Refinance Index

The up again/down again world of mortgage applications continued this week, dropping after a week of upticks.

Rates drop even further below 3%, as more are taking advantage of both purchase and refi opportunities with rates in continued record-low territories.

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

Both purchase apps and refinances showed declines this week, as first-time homebuyers are being “squeezed” out of the market as a result of short supply and high prices.

Contrary to the fact that homes remain in demand, tight supply and a rise in listing prices are driving down mortgage application volume.

As the nation continues to struggle to keep up with housing demand, more Americans are deciding to ride out the storm and not give into exorbitant prices on limited inventory.

Mortgage applications grew on the basis of a strong economy and an upsurge in post holiday demand in the housing market.