Mortgage Applications Fall 2 Percent Week-On-Week

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In: Mortgage News

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Mortgage applications fell 2% this week, dampening demand for home loans as mortgage rates rose. Mortgage Bankers Association research found that mortgage rates typically fell by 2% each period and were not on the schedule for the week ending OctoberContinue Reading

Mortgage Application Activity Hits Lowest Level Since 1997

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In: Mortgage News

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The latest survey by the Association of Mortgage Bankers showed that mortgage applications for the week ended September 30 were down 14.2% from the previous week.  The unadjusted mortgage credit index fell 14% from last week. The refinancing index isContinue Reading

Home Purchase Activity Has Increased Another Week

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In: New Home Mortgage News

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Mortgage application volume proceeded with its recuperation last week driven by a second solid expansion in buying activity.  The Mortgage Bankers Association said its Market Composite Index, a proportion of that volume, acquired an occasionally changed 2.0 percent and expandedContinue Reading

Mortgage Applications Activity Drops to Lowest Since 2018

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In: Mortgage News

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As mortgage rates touched a 13-year high last week, mortgage application volume kept on declining, falling 8.3% week-over-week for the week finishing April 22, 2022. The Mortgage Bankers Association’s (MBA) most recent Weekly Mortgage Applications Survey likewise observed the RefinanceContinue Reading

Mortgage applications have dropped 4%

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In: Mortgage News

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While the rates for 30-year fixed mortgages rose from 3.15% to 3.18%, mortgage applications have fallen on a seasonally adjusted week-over-week basis by 4.2%. On the other hand, the numbers dropped by 4% on an unadjusted basis. The refinance indexContinue Reading

For Second Week Mortgage Application Volume Fall Back

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In: New Home Mortgage News

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Last updated on January 29th, 2021 at 03:09 pmDuring the week ending January 22, there was a significant pull-back in the volume of mortgage applications. In two of the three full weeks of the new year, the volume has beenContinue Reading