Jumbo Loan Availability Continues to Tighten
While overall mortgage credit availability in the U.S. inched up 0.1 percent in June, to its second lowest level since January of 2013, as indexed by the Mortgage Bankers Association,…
Homebuying Activity Drops, Average Loan Size as Well
Measured prior to the July 4 holiday, the number of applications to secure a purchase mortgage loan for an existing home in the U.S. ticked down 5 percent on a…
Homebuying Activity Inches Up but Drops Year-Over-Year. And…
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. inched up 0.1 percent over the past week in the absolute and 2…
Mortgage Credit Availability Drops to a Lower Decade Low
Having slipped 0.9 percent in April to a 10-year low, mortgage credit availability, as indexed by the Mortgage Bankers Association, dropped 3.1 percent last month to its lowest level since…
Homebuying Activity Continues to Drop, Down 30 Percent YOY
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped another 5 percent over the past week in the absolute and 4…
Mortgage Rates Inch Back Up, Odds of an Easing Down
The average rate for a benchmark 30-year mortgage inched back up 4 basis points (0.04 percentage point) over the past week to 6.39 percent, which is 114 basis points and…
Homebuying Activity Drops, Risk Premium on the Rise
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped 5 percent over the past week on both an absolute and seasonally…
Mortgage Rates Inch Down, Probability of an Easing Slips
As projected, the average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage point) over the past week to 6.35 percent but remains 20 percent…
Mortgage Credit Availability Back Down to a Decade Low
Having inched up 0.4 percent in March, mortgage credit availability, as indexed by the Mortgage Bankers Association, slipped 0.9 percent in April and is back to its lowest level since…
Benchmark Mortgage Rate Slips, Poised to Drop. But…
Measured prior to yesterday’s quarter point hike by the fed, the average rate for a benchmark 30-year mortgage had inched back down 4 basis points (0.04 percentage point) over the…