Tagged: Mortgage Applications

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.

Refinance activity increased to 55.7% of total applications from 51.2% the previous week

Refinance applications more than double year-over-year

Applications remained unchanged from July, but estimated new home sales increased almost 15% over the month, said the MBA.

Refinance share reaches its highest level in two-and-a-half years

Refinance applications up 85% year-over-year

Led by a drop in refinance activity from record-highs, applications decrease

In its latest commentary, the GSE's research group doesn't expect a notable sales boost until well into 2025