Tag Archives: Joel Kan

Mortgage applications surged last week but rates are climbing again

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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 →

Homebuyer demand for purchase mortgages up despite higher rates

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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 →

Homebuyer demand up 3rd week in a row as mortgage rates ease

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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 →

Mortgage rates headed past 7% after Powell warns Congress on inflation

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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 →

Homebuyer demand cools to lowest level since 1995 as rates rebound

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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 →

Mortgage rates may ease as modest Fed rate hike could be its last

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Fed Chair Jerome Powell is telegraphing one more small adjustment in March, but some bond market investors think the rate hike campaign may now be over. Continue reading →

Homebuyer demand for mortgages up for second week in a row

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Purchase loan requests rise 3 percent week over week as mortgage rates ease but remain down 39 percent from the same time a year ago. Continue reading →

Refis ramp up as rates fall to 6.28% — but homebuyers stay on the fence

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Requests to refinance accounted for 31 percent of all loan applications last week, well below the past decade’s average of 58 percent. Continue reading →