Tagged: Mortgage Applications

Holiday-adjusted data reveals a sharp decline in mortgage applications, with purchase activity down 12% from the previous year.

On an unadjusted basis, the Index showed a more pronounced decline, dipping by 3% compared to the preceding week.

The latest MBA report shows a marked increase in mortgage activity, driven by falling rates and a positive shift in market sentiment, despite challenges in purchase volume and inventory.

Refinancing activity gains momentum from lowest mortgage rates since August 2023.

Despite a 50 basis point decline in rates over past six weeks, purchase activity remained approximately 20% lower than the previous year.

30-Year Mortgage Rates Drop to 7.29% as Mortgage Applications Rise by 3%

Data from MBA Builder Application Survey reveals significant year-over-year growth.

Data from MBA's Weekly Mortgage Applications Survey reveals purchase and refinance applications increased to the highest weekly pace in five weeks

Purchase applications gain, but refinance remains subdued.

Purchase applications hit their lowest since 1995, while ARMs surge by almost 10%, reflecting a market adjusting to near 23-year high interest rates.