Purchase and refinance apps both climb, with purchase demand now 20% higher than a year ago, MBA reports
Tagged: Mortgage Applications
Purchase, refinance activity dip despite slightly lower rates, though annual gains remain
Prepayments spike, foreclosure activity up, inventory closing gap to pre-pandemic levels, HELOC opportunities growing, and more
Purchase activity climbed more than 2% overall, while conventional refinance activity fell slightly last week, MBA reports
Refinance activity jumps 16% while purchase applications rise, signaling momentum in the housing market
"Buyers remained on the fence" last week as index fell 6.6%, commented the MBA's Joel Kan
Refinance applications jump 10% to highest level since October
A dip in rates caused refis to surge 12% from the week prior, while purchase activity took a hit
MBA expects "gradual pick up in purchase activity in the coming months" — pending a big "if"
MBA's Fratantoni says economic data likely to keep rates 'steady at these levels'