The Mortgage Bankers Association’s data reveals a modest increase in applications, but overall activity remains subdued as interest rates hit their highest levels since 2000.
MBA report reveals a slight increase in loan offerings to counter rising mortgage rates, while industry braces for decline in origination volume.
Urgent plea for clarity on rate hikes and MBS sell-offs amidst fears of an economic downturn and housing market instability.
30-year fixed rate sees its highest climb in 23 years, leading to a significant slowdown in the housing market.
Reports from ATTOM and MBA highlight steepest drop since 2007, with 99% of counties surpassing historical averages in home and condo pricing.
With mortgage rates hitting a 20-year peak, a 1.3% dip in applications reflects the strain on homebuyers and limited motivation for refinancing.
Refinance activity shows growth, but remains significantly below last year's figures.
Mortgage Bankers Association’s Loan Monitoring Survey shows a decrease as homeowners recover from pandemic-related hardships.
New home sales fueled by first-time buyers and low existing inventory, despite higher mortgage rates; MBA's survey indicates 702,000 units sold at peak pace in three months.
Refinancing dips as interest rates climb: homeowners face new market dynamics.