With mortgage rates hitting a 20-year peak, a 1.3% dip in applications reflects the strain on homebuyers and limited motivation for refinancing.
Tagged: Mortgage Bankers Association (MBA)
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.
Jumbo loans drive the uptick while conforming index hits its lowest since 2011; industry trends towards streamlined offerings.
Indiana banker honored for three decades of service to mortgage compliance.
Lower interest rates fail to boost a sagging housing market as prospective buyers and refinancers stay on the sidelines.
George Rogers has extensive experience as a consultant, policy aide
Refinances and home purchases increase while yearly comparisons remain gloomy.