Mortgage Applications Rise 3%; 3rd Straight Weekly Increase
Both refinance and purchase applications increased.
Both refinance and purchase applications increased.
Suggests two regulatory changes to 'fine-tune' a key asset in the mortgage finance sector.
Purchase application volume rose while refis continued to fall.
It was the 4th straight month with a year-over-year increase.
After 4 weeks of declines, volume jumped more than 7% last week.
Mortgage Credit Availability Drops Again, Leaving Borrowers High and Dry
Economists tell real estate editors to expect some improvement in the housing market in 2024.
Trend continued despite drop in mortgage rates from recent high.
The MBA's Market Composite Index fell 3.7% on a seasonally adjusted basis, the third-straight weekly decline.