A dip in rates caused refis to surge 12% from the week prior, while purchase activity took a hit
Tagged: Mortgage Applications
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'
Declining lock volumes and applications signal difficult conditions ahead with volatility on the upswing
The MBA's weekly survey slumps as rates hit highest levels since July
Rising mortgage rates over the past two weeks have suppressed mortgage demand.
Last week's decline in applications followed a slight increase in mortgage rates
High rates and the lock-in effect have kept existing homes out of reach, but new construction sees positive growth
Refinances rose 27% last week and purchase demand remained steady, despite mortgage rates at 6.67%
Despite holiday hiccup, more people are indeed applying for home loans