New Home Sales Activity Gains, Average Loan Size Slips
The mortgage application volume for new home purchases in the U.S. was up 19 percent on a year-over-year basis in January and the seasonally adjusted pace of sales, which had…
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The mortgage application volume for new home purchases in the U.S. was up 19 percent on a year-over-year basis in January and the seasonally adjusted pace of sales, which had…
As we outlined last week, prior to a market shock that appears to have caught some by surprise, the expected value of the Fed’s interest rate cuts this year was…
At a time of the year when industry folks and the media have been known to conflate basic seasonal trends with a market rebound or “pivot!,” purchase mortgage application volume…
Having dropped back down to its lowest level in over a decade at the end of last year, mortgage credit availability inched up 0.7 percent last month, with a 1.9…
Despite the average 30-year mortgage rate having dropped a full percentage point over the past quarter and now “stabilizing” above 6 percent, purchase mortgage application volume in the U.S. remains…
Having inched up from 6.61 to 6.66 percent over the past two weeks, the average rate for a benchmark 30-year mortgage has since inched back down to 6.60 percent, which…
Having dropped to a six-month low of 6.61 percent at the end of 2023, the average rate for a benchmark 30-year mortgage has since inched up a (1) basis points…
Despite a drop in mortgage rates to a six-month low, purchase mortgage application volume in the U.S. ticked down 5 percent on a seasonally adjusted basis over the past two…
Having slipped back under 7 percent last week, the average rate for a benchmark 30-year mortgage has since dropped another 28 basis points (0.28 percentage points) to 6.67 percent, which…
The average rate for a benchmark 30-year mortgage has slipped back under 7 percent for the first time in four months, inching down 8 basis points (0.08 percentage points) over…