As mortgage rates hit new post-pandemic highs on inflation worries, an MBA survey finds applications for purchase loans fell for the sixth consecutive week last week and are down 30 percent from a year ago. Continue reading
Even after adjusting for seasonal factors, applications for purchase loans fell for the fifth-straight week as mixed inflation data raised doubts that Fed will ease, pushing mortgage rates to new highs. Continue reading
Demand for purchase mortgages fell for a fourth consecutive week last week as rates continued to climb and inventories of homes for sale remained scarce, an MBA lender survey showed. Continue reading
A decrease in applications for FHA loans popular with first-time homebuyers helped push the average purchase loan application to $432,700, according to the latest MBA lender survey. Continue reading
Requests for purchase loans are still down 21 percent from a year ago last week, even as mortgage rates retreated from 2023 highs on encouraging inflation news. Continue reading
Applications for purchase mortgages rose 5 percent last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up. Continue reading
Mortgage rates are expected to ease as markets anticipate Federal Reserve policymakers will raise rates just one more time this year and then reverse course. Continue reading
The unusually wide “spread” between 10-year Treasury yields and 30-year fixed-rate mortgages means mortgage rates could have more room to come down. Continue reading
Futures markets are taking the Fed chair at his word that policymakers may have to hike rates faster and take them higher to combat inflation Continue reading
An MBA survey shows demand for purchase loans is down 18 percent week over week and 41 percent from a year ago as mortgage rates rise for the second week in a row. Continue reading