Requests to refinance are up 40 percent from a year ago, but uncertainty “continues to hold homebuyers out of the market,” Mortage Bankers Association economist Joel Kan said Wednesday. Continue reading
Purchase loan applications soared 10 percent last week to the highest level since April, even though rates have been stuck in the high sixes, the Mortgage Bankers Association reported Wednesday. Continue reading
While purchase loan demand was still up 18 percent last week from a year ago, some of that demand may not translate into sales, with Redfin reporting an unusual bump in cancelled purchase contracts. Continue reading
Trump administration keeps up pressure on Fed, but investors don’t expect the U.S. central bank to cut short-term rates until September. Continue reading
Advance GDP reading suggests the economy shrank by 0.3 percent during Q1, as a rush by businesses to import goods before tariffs took hold and government spending cuts dented growth. Continue reading
Economic uncertainty, rate volatility and mounting worries about the labor market are reducing the pool of potential buyers, putting a damper on the spring homebuying season. Continue reading
Demand for purchase mortgages has been stronger than a year ago for more than two months as mortgage rates stay well below 2025 highs seen in January, lender surveys show. Continue reading
Purchase loan requests are up 7 percent from a year ago, as loosening housing inventory and a pullback in mortgage rates presents FHA buyers with more opportunities. Continue reading
Homebuyers have responded to a pullback in mortgage rates from January highs, but tariffs on imported goods could keep inflation elevated and halt the downward trend in rates. Continue reading
Requests to refinance surged 37 percent last week and were up 83 percent from a year ago after the biggest one-week decline in mortgage rates since November, the MBA’s latest weekly lender survey shows. Continue reading