Latest MBA survey shows purchase and refinance applications still lagging, with 17% and 6% respective decreases YOY
Tagged: Mortgage Applications
Weekly survey from Mortgage Bankers Association shows decrease in purchase and refinance applications.
The MBA's weekly mortgage applications survey shows decline in last week's application volume
Rates climbed up for the second consecutive week, posting a 3.3% increase.
Mortgage applications for new home purchases increased 6.2% year-over-year, but only 1% month-over-month.
Applications increased 0.1% from one week earlier, per MBA data.
Elevated mortgage rates weigh down on home buying, according to MBA economists.
Applications decreased 0.7% from one week earlier.
Weekly MBA survey released
Latest data from the Mortgage Bankers Association reveals significant shifts in application volume, driven by declining rates and robust refinance demand, while purchase applications show steady growth despite lingering challenges in the housing market.