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
MBA forecaster Joel Kan sees the uptick in loan requests as a “potentially a good sign for the spring home buying season, which has seen a slow start thus far.” Continue reading
The nation’s gross domestic product shrank in the first three months of 2022, overshadowing a strong period for residential investment. Continue reading
ARM loans accounted for 17 percent of mortgage applications by dollar volume, with the average borrower seeking a $728,900 loan. Continue reading
After hovering near 3 percent for nearly two years, mortgage rates have rebounded faster than expected. But amid uncertainty, economists are divided on whether 5 percent rates are here to stay. Continue reading
Applications to refinance fell 41 percent from a year ago as rates increased for the third week in a row, according to The Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Continue reading