Refinance activity jumps 16% while purchase applications rise, signaling momentum in the housing market
Tagged: Mortgage Bankers Association (MBA)
Refinance activity hops 37% in one week — up 83% from last year, MBA reports
Rates fell across most loan types, but purchase and refinance applications won't budge
"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
Industry ‘awaits potential shifts in interest rates’ for increase in activity, MCT says
Conventional delinquency rates remain historically low while FHA and VA delinquency rates grow
Trump's nominee passed with a 55-44 vote and the support of two Senate Democrats
A dip in rates caused refis to surge 12% from the week prior, while purchase activity took a hit
Median purchase application payments rose 3.5% from the end of 2023 — the last 'worst year in decades' for home sales