Mortgage Bankers Association (MBA)

Refinance apps slip while purchase apps gain ground; average purchase loan size heads down

Redfin’s latest data shows market shifts continue to favor buyers as sale prices peak, concessions grow, touring activity rises

Purchase and refinance activity stall; VA refinances reverse prior week’s gain

Purchase demand climbs to highest level since February 2023; VA refis jump 32%

Average refinance loan amount also rises, while purchase activity stays nearly flat

Higher rates, rising geopolitical conflict play a role; FHA refinances drive app activity