Mortgage Applications Fall For 2nd-Straight Week
Remain at 22-year low as refinancing applications continue to decline.
Remain at 22-year low as refinancing applications continue to decline.
Only the fourth time in eight years IMBs show net production losses.
MBA economist says purchase activity may pick up if mortgage rates continue to move lower.
Drop driven by lenders streamlining offerings; jumbo credit drops 13.4%.
Applications increased 1.2% as mortgage rates fell the most since 2020.
The Biden Administration announced a plan with billions of dollars for new steps to tackle the housing supply crisis.
The national median payment applied for by applicants was down just four dollars to $1,893 in June from $1,897 in May.
MBA says applications decreased nearly 2% from last week, the fourth straight weekly decline.