Refinance apps slip while purchase apps gain ground; average purchase loan size heads down
Tagged: mortgage rates
Purchase and refinance activity stall; VA refinances reverse prior week’s gain
Fannie Mae’s Home Purchase Sentiment Index fell nearly four points in June
Purchase demand climbs to highest level since February 2023; VA refis jump 32%
Average refinance loan amount also rises, while purchase activity stays nearly flat
Higher rates, rising geopolitical conflict play a role; FHA refinances drive app activity
Trump-Musk breakup this week could have implications for federal economic policies as well as the housing and mortgage markets
Purchase, refinance activity dip despite slightly lower rates, though annual gains remain
With 60% of Americans unsure it's the right time to buy, and 75% expecting rates and prices to fall, most would-be homeowners are holding out
Prepayments spike, foreclosure activity up, inventory closing gap to pre-pandemic levels, HELOC opportunities growing, and more