Tag Archives: Joel Kan

Mortgage rates easing on recession fears, but homebuyers not biting

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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 →

Demand rebounds as mortgage rates retreat from 2022 peak

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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 →

Mortgage demand picked up last week before latest rate surge

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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 →

Mortgage demand drops to 22-year low as rates rebound: MBA survey

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As Fed embarks on “quantitative tightening,” interest rates could come under renewed pressure. Continue reading →

The shift has begun — but rate hikes won’t be housing’s Achilles’ heel

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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 →

Lower mortgage rates fail to rekindle homebuyer interest

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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 →

Homebuyer mortgage demand falls even as rates ease from 2022 highs

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Economic uncertainty and stock market volatility may have helped drive 12 percent decline in purchase mortgage applications. Continue reading →

Purchase loan demand perks up as mortgage rates plateau

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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 US economy’s run stalls, but real estate forges ahead

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The nation’s gross domestic product shrank in the first three months of 2022, overshadowing a strong period for residential investment. Continue reading →