Analysis and Data
Rapid rising rates are contributing to negative GDP growth.
The Market Composite, Purchase, and Refinance indexes all fell 2% last week.
Internal data from The Bank of America Institute shows signs that the housing market is slowing down.
Fell to the lowest level since March 2013, following seven straight months of tightening credit.
Adds 263,000 jobs in September; unemployment rate dips to 3.5%
Fannie Mae's monthly HPSI report showed its seventh straight month of declines, approaching a drastic low.
Ongoing economic uncertainty cited as 15-year and 30-year fixed rates fall.
A summary and review of key economic data that affects the mortgage and real estate business
Year-over-year total lock volume falls by nearly 50%
Intense housing competition and soaring house prices prompted buyers to double their down payments.