Tagged: Mortgage Applications

Refinancing dips as interest rates climb: homeowners face new market dynamics.

Lower interest rates fail to boost a sagging housing market as prospective buyers and refinancers stay on the sidelines.

Refinances and home purchases increase while yearly comparisons remain gloomy.

Elevated interest rates and housing market challenges deter potential buyers; ARM applications see a rise as homebuyers weigh options.

MBA weekly index says applications dipped 0.8% from one week earlier.

Rising interest rates and low inventory fuel decline in mortgage applications, with 30-year fixed mortgage rate hitting highest level since 2002.

MBA says drop due to rising rates and declining inventory.

Average purchase loan size surges to a high of $432,700 since May-end amid persistent affordability challenges.

A decline in mortgage rates mostly boosted refinance applications.

MBA's Market Composite Index rose 0.9%, despite interest rates rising above 7%.