With the 30-year, fixed-rate mortgage edging closer to eclipsing the 8% mark, the MBA reports overall application volume falling from last week’s total, dipping to the slowest weekly pace reported since 1995.
Read More »Purchase Mortgage Apps Fall to 28-Year Low
A recent upward trend in Treasury yields has pushed mortgage rates above the 7.5% mark, further complicating the road to affordability for many as mortgage apps have dropped 6% week-over-week.
Read More »Mortgage App Volume Rises for First Time in Five Weeks
Despite fixed-rate mortgages moving upward to levels last recorded in December 2000, the MBA reports both purchase and refi apps rose week-over-week, the first such increase in over a month.
Read More »Mortgage App Volume Falls for Third Consecutive Week
With mortgage rates surpassing the 7% mark, the MBA reports yet another dip in weekly purchase and refi apps as homebuyers struggle in the face of a depleted housing supply and elevated mortgage rates.
Read More »More Buyers Reducing Payments by Purchasing Mortgage Points
As interest rates remain high, a new study from Zillow has found that 15% more borrowers purchased mortgage points in 2022 than 2021, and continue to do so as interest rates hover around 6%.
Read More »Mortgage Rates Retreat Slightly Under the 7% Mark
Diminished demand in the housing market has been further dampened by erratic mortgage rates, which dipped slightly this week, as affordability issues continue to put buying significantly out of reach for many.
Read More »Hike in Rates Drives Down Mortgage Apps
Overall purchase and refi application volume has dropped week-over-week, as rates jumped following a three-week stretch of stability.
Read More »Could Homebuyers Benefit From Global Uncertainty?
New analysis says that recent tensions between the U.S. and foriegon nations will cause homebuyers to “benefit from this dynamic.”
Read More »How Will Rising Mortgage Rates Impact Homebuyers’ Wallets?
Mortgage rates have climbed steadily since March and this week they rose to their highest since August 2013. Experts weigh in on the impact of these hikes on home purchases.
Read More »Mortgage Interest Rates Edge Up for Second Week in a Row
Mortgage interest rates rose for the second consecutive week following a strong October jobs report and a slight jump in wage growth, which pushed Treasury yields up and increased chances for a December rate hike from the Federal Reserve.
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