First-time homebuyers retreat from the market as mortgage applications decline

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In: Mortgage News

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As the banking crisis stabilized last week, mortgage rates rose and borrower demand for home loans fell.  However, with fewer homes for sale, these high prices are difficult for potential buyers. According to the weekly survey of mortgage applications (MBA),Continue Reading

Mortgage Applications Climb 2.2% in the Week Ending November 18

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In: New Home Mortgage News

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The Mortgage Bankers Association (MBA) reported that mortgage applications rose 2.2 percent in the week ending Nov. 18, with results adjusted for the Veterans Day holiday. The MBA Composite Market Index measures the number of mortgage applications nationwide.  For theContinue Reading

Dip in U.S. Mortgage Applications in Mid February

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In: Mortgage News

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As per new information from the Mortgage Bankers Association’s most recent Weekly Mortgage Applications Survey for the week finishing February 11, 2022, U.S. contract applications diminished 5.4 percent from multi-week sooner. The Market Composite Index, a proportion of home loanContinue Reading

According to the Latest MBA Survey Mortgage Applications are Dropped

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In: Mortgage News

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The premium in selling a home slipped last week, as indicated by the Mortgage Banker Association’s (MBA) Market Composite Index.  For the week finishing February 4, 2020, contract applications diminished 8.1% on an occasionally changed premise from a multi-week earlier. Continue Reading

Mortgage Applications Increased by 2.3% Along With Increase in Loan Size

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In: Mortgage News

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Mortgage applications extended 2.3% from the prior week, generally due to a strong purchase market, as demonstrated by the Mortgage Bankers Association (MBA) outline for the week completing Jan. 14. The incidentally changed Purchase Index rose 7.9% from the priorContinue Reading

MBA Survey Shows Increase In Mortgage Applications

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In: New Home Mortgage News

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Last updated on April 5th, 2022 at 04:36 pmAccording to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 9, 2021 mortgage applications increased 16.0 % compared to last week.  On a seasonallyContinue 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

MBA Weekly Survey Shows Decline In Mortgage Applications

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In: Mortgage News

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Last updated on December 26th, 2022 at 09:34 pmA measure of mortgage loan application volume is the Market Composite Index, on a seasonally adjusted basis, the index decreased 11.4 % from the previous week.  The Index decreased 10 % onContinue Reading

Mid October Sees Decrease In Mortgage Applications

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In: Mortgage News

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Last updated on February 3rd, 2021 at 11:51 amAccording to the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey, for the week ending October 16, 2020, U.S. Mortgage applications decreased 0.6 % from the week earlier. The Market Composite Index, a measure ofContinue Reading

Refi Volume Picks Up Giving Rise To Mortgage Application Activities

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In: Refinance News

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Last updated on February 3rd, 2021 at 11:40 amAccording to the Mortgage Bankers Association, the up-and-down pattern for mortgage application activity continued, as volume rose 4.6% from one week earlier led by refinancings. Since the start of September, the pattern has beenContinue Reading