Refinance activity jumps 16% while purchase applications rise, signaling momentum in the housing market
Tagged: Mortgage Applications
"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'
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