Decline in purchase applications aligns with slower homebuilding activity due to reduced buyer traffic and ongoing building material shortages, according to the Mortgage Bankers Association. Continue reading
Purchase loan applications continue to be weaker “due to the combination of much higher mortgage rates and the worsening economic outlook,” said MBA forecaster Joel Kan. Continue reading
Fears of impending recession and a slew of prominent layoff announcements put only a moderate damper on real estate hiring last month, according to the U.S. Bureau of Labor Statistics. Continue reading
Although fears of a recession are bringing mortgage rates down, would-be homebuyers aren’t rushing to apply for loans, according to a weekly survey of lenders. Continue reading
Purchase mortgage applications are still down 10% from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a survey by the Mortgage Bankers Association. Continue reading
Homebuyer demand for purchase loans picked up before a bond market sell-off sent mortgage rates soaring past 6 percent, according to the MBA’s Weekly Mortgage Applications Survey. Continue reading
As Fed embarks on “quantitative tightening,” interest rates could come under renewed pressure. Continue reading
Experts expect home sales and price growth to slow down, but they don’t think rising rates will knock everyone out of the market. Continue reading
As mortgage rates continued to retreat from 2022 highs set during the first week in May, demand for purchase loans was essentially flat last week. Continue reading
Economic uncertainty and stock market volatility may have helped drive 12 percent decline in purchase mortgage applications. Continue reading