Tagged: purchase applications

Principal-and-interest payments reached $1,522 for lower-payment purchase applicants in June, just $9 below the national median asking rent

One in five listings had a price reduction in July, while pending sales increased for the eighth consecutive month

Pending sales fell to their lowest level since early April, but lower asking prices and reduced competition give originators more options to structure deals for qualified borrowers

Contract signings fell 5.4% from May as elevated borrowing costs and record home prices continued to pressure affordability, particularly for first-time buyers

New home purchase mortgage applications rose modestly in January, highlighting steady buyer demand and the growing role of new construction in supporting originations despite ongoing affordability constraints

Refis jump almost 60%; ARM share climbs to highest since 2008

Purchase and refinance applications jump; refis account for nearly half of all activity

How LOs and brokers should prepare for possible changes

Though overall applications fell, refis edged higher on lower FHA and VA rates

Mortgage applications slip overall as refinances cool, but loan size hits two-month high