New Home Sales Activity Ticks Up but Pace of Sales Drops
As we outlined last month, while application volume for new home loan purchases in the U.S. was up on a year over-year basis in November, the pace of sales had…
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As we outlined last month, while application volume for new home loan purchases in the U.S. was up on a year over-year basis in November, the pace of sales had…
Despite a drop in the benchmark 30-year mortgage rate to only 6.61 percent, the decline of which has since leveled off, mortgage credit availability dropped 4.6 percent in December, with…
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…
Despite some misleading headlines making the rounds last week, an uptick in mortgage loan application volume was actually being driven by a jump in refinancing activity, not purchasing, as we…
While the Mortgage Bankers Association’s index for mortgage loan application volume increased 6 percent last week, said increase was actually driven by refinancing activity, the sub-index for which jumped 19…
Having ticked up a (1) percent in October, mortgage credit availability, as indexed by the Mortgage Bankers Association, ticked down 1.7 percent in November, with a 5.4 percent drop in…
Having dropped 12 percent from August to September, application volume for new home loan purchases in the U.S. ticked up 6 percent from September to October and was nearly 40…
Having dropped to its lowest level in 28 years earlier this month, the number of applications to secure a purchase mortgage loan for an existing home in the U.S. slipped…
As we outlined last week, while the average rate for a benchmark 30-year mortgage had only inched down 3 basis points to 7.76 percent, according to Freddie Mac and headlines…
Having hit a 23-year high of 7.79 percent last week, the average rate for a benchmark 30-year mortgage has since inched down 3 basis points (0.03 percentage points) to 7.76…