Tagged: Refinance

Refinances rose 27% last week and purchase demand remained steady, despite mortgage rates at 6.67%

The average rejection rate for mortgage applications increased by 8.6 percentage points to 20.7% in 2024, well above the 2019 rate of 10.2%.

Nonfarm payrolls increased by only 12,000 as strikes in the airline industry and recent hurricanes distorted the data collected.

Eager for relief but fearing further losses, industry executives offer insights on a volatile mortgage market in transition.

Optimal Blue's September 2024 Market Advantage mortgage data report cited the FOMC rate cut as the main trigger for activity

After weeks of increases, applications decreased 1.3% from a week earlier.

The firm lowered its expectations due to lackluster purchase volume

The wholesaler launches an AI-driven system, KEEP, that identifies borrowers in need of a refinance

Purchase locks sank 16% year over year, despite August being the most affordable month for home buying since February.

As mortgage rates tick down, refinances tick up