Mortgage rates continued their relentless rise this week to levels not seen in two decades, fueled by a bear market for bonds that fund government borrowing and most home loans. Continue reading
Mortgage applications were more likely to be denied by lenders or withdrawn by homebuyers in census tracts where a higher share of buildings was at risk of future flooding. Continue reading
Purchase loan applications fell 29 percent from the same period last year, the result of rising rates that are double their levels from 2021, according to the Mortgage Bankers Association’s weekly index. 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
During the four-week period ending Sept. 5, pending sales rose 6 percent from a year earlier, according to a report released Wednesday by Redfin. Continue reading
With low for-sale inventory keeping home price appreciation in many markets at record highs, the jump in FHA purchase applications is potentially a sign that more first-time buyers are finding purchase options despite the high prices. Continue reading
Demand for mortgages slipped last week as requests to refinance slowed, outweighing the impact of a slight increase in purchase loan applications. Continue reading
Although mortgage rates came down slightly after seven consecutive weeks of increases, applications for refinancing and purchase loans both fell more significantly. Continue reading
Mortgage applications activity increased by 15.3 percent and the refinance index increased 26 percent during the week ending March 27. Continue reading