Tagged: Mortgage Applications

Mortgage applications up 6.3% before mortgage rates fall slightly over holiday weekend

"White-collar consumers" experiencing financial strain, compounded by ongoing slump in white-collar employment.

Conventional, FHA loans drive increase in purchase applications

The average rejection rate for mortgage applications increased by 8.6 percentage points to 20.7% in 2024, well above the 2019 rate of 10.2%.

Not responsible for the uptick were mortgage rates, which reached their highest level since July last week

The MBA's weekly index decreased for the fifth consecutive week as mortgage rates have risen nearly 70 basis points in that period

Refinance application volume 8% lower from week prior, 90% higher year-over-year

Mortgage Bankers Association (MBA) reports 17% decrease in applications for week ending Oct. 11

Refinance applications still 159% higher on an annual basis, reflecting last year's record lows

After weeks of increases, applications decreased 1.3% from a week earlier.