Rising interest rates and low inventory fuel decline in mortgage applications, with 30-year fixed mortgage rate hitting highest level since 2002.
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Tagged: Mortgage Bankers Association (MBA)
Mortgage Applications Slide 3.1%
Mortgage Credit Availability Dips, Indicates Tightening Lending Standards
There was a notable decrease in the jumbo category.
Aug 08, 2023
MBA Says New Basel Capital Rule Proposal Threatens To Upend Mortgage Market
Warning issued over new rules by government agencies.
Aug 08, 2023
Mortgage Applications Decrease By 3% Weekly
MBA says drop due to rising rates and declining inventory.
Aug 02, 2023
Homebuyer Affordability Remains Steady in June
The national median mortgage payment drops marginally and affordability was flat.
Jul 27, 2023
High Rates Drive Mortgage Applications Down 1.8%, Lowest Purchase Index In A Month
Average purchase loan size surges to a high of $432,700 since May-end amid persistent affordability challenges.
Jul 26, 2023
New Home Purchase Mortgage Applications Jump 26% YOY
Applications, however, fell 5% from May, due in part to rising mortgage rates.
Jul 20, 2023
Mortgage Applications Rise For 4th Straight Week
A decline in mortgage rates mostly boosted refinance applications.
Jul 19, 2023
Despite Recession Fears, Forbearance Rates Drop In June
A resilient labor market drove forbearance rates lower, the MBA says.
Jul 18, 2023
Mortgage Applications Rise For 3rd Straight Week
MBA's Market Composite Index rose 0.9%, despite interest rates rising above 7%.
Jul 12, 2023