Tag Archives: Joel Kan

Demand for mortgages rebounds after 3 weeks of declines: MBA

By Matt Carter | June 16, 2021 - 1:45 pm |June 16, 2021 Uncategorized

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Applications for purchase loans and refinancings climbed as mortgage rates eased to the lowest levels since early May, according to the Mortgage Bankers Association. Continue reading →

Mortgage applications slump as demand for refinancing wanes

By Matt Carter | June 9, 2021 - 11:00 am |June 9, 2021 Uncategorized

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Demand for mortgages slipped last week as requests to refinance slowed, outweighing the impact of a slight increase in purchase loan applications. Continue reading →

Demand for mortgages lowest since before the pandemic

By Matt Carter | June 2, 2021 - 4:05 pm |June 2, 2021 Uncategorized

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After adjusting for seasonal patterns, requests for purchase loans were down 3 percent from the week before, and 2 percent from a year ago. Continue reading →

Demand for purchase loans up for second time in May

By Matt Carter | May 26, 2021 - 11:00 am |May 26, 2021 Uncategorized

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Demand for purchase mortgages was up a seasonally adjusted 2 percent from the week before but down slightly from a year ago. Continue reading →

Weaker mortgage demand tied to low inventory, higher prices

By Matt Carter | May 5, 2021 - 5:51 pm |May 5, 2021 Uncategorized

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Applications for mortgage purchase loans fell for the second week in a row at the end of April, according to the Mortgage Bankers Association’s weekly mortgage application survey. Continue reading →

Housing market slows despite record low interest rates

By Kelsey Ramírez | April 28, 2021 - 3:56 pm |April 28, 2021 Uncategorized

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The housing market continued to slow this week even as interest rates remain below 3 percent. MBA Economist Joel Kan explains why. Continue reading →

Mortgage credit opening up to more borrowers

By Kelsey Ramírez | April 9, 2021 - 12:37 am |April 9, 2021 Uncategorized

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Mortgage credit availability increased in March, opening the mortgage market up to more borrowers. This was driven by an improving economy and job market recovery. Continue reading →

Rising rates take toll on mortgage demand

By Matt Carter | March 31, 2021 - 7:02 pm |March 31, 2021 Uncategorized

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Although mortgage rates came down slightly after seven consecutive weeks of increases, applications for refinancing and purchase loans both fell more significantly. Continue reading →

Mortgage applications decrease 1%

By Lillian Dickerson | March 10, 2021 - 4:49 pm |March 10, 2021 Uncategorized

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Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into the spring season, according to the Mortgage Bankers Association. Continue reading →

Demand for mortgages continued in last week of May: MBA

By Veronika Bondarenko | June 3, 2020 - 2:44 pm |June 3, 2020 Uncategorized

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“High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,” Joel Kan of the Mortgage Bankers Association said. Continue reading →