CFAH

Having ticked up last week, which ended a four-week slide, mortgage loan application volumes in the U.S. have since slipped 2 percent, according to the Mortgage Bankers Association.

At a more granular level, refinancing activity inched down 1 percent and was 18 percent lower than at the same time last year while purchase loan activity dropped 4 percent but was still 34 percent higher than at the same time last year (when pandemic-driven shutdowns were widespread).

UPDATE (5/5): For the fifth time in six weeks and the second week in a row, mortgage loan application volumes in the U.S. have slipped, ticking down a combined one (1) percent with purchase loan activity down 2 percent in the absolute and 3 percent seasonally.

UPDATE (5/12): For the first time in three weeks and the second time in six, mortgage loan application volumes in the U.S. ticked up, increasing a combined 2 percent with a 1 percent increase in purchase loan applications and a 3 percent increase in applications to refinance.

Comments from Plugged-In Readers

  1. Posted by SocketSite

    UPDATE: For the fifth time in six weeks and the second week in a row, mortgage loan application volumes in the U.S. have slipped, ticking down a combined one (1) percent with purchase loan activity down 2 percent in the absolute and 3 percent seasonally.

  2. Posted by SocketSite

    UPDATE: For the first time in three weeks and the second time in six, mortgage loan application volumes in the U.S. ticked up, increasing a combined 2 percent with a 1 percent increase in purchase loan applications and a 3 percent increase in applications to refinance.

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