Mortgage Credit Availability Drops
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…
Discounting Helps Drive New Home Purchase Activity Up
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…
Adjusted Purchase Mortgage Activity Inches Up (From a 28-Year Low)
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…
Benchmark Mortgage Rate Back Below Average at 7.5 Percent
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…
Benchmark Mortgage Rate Poised to Slip Below Average
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…
Purchase Mortgage Activity Drops to a Lower 28-Year Low
Already down over 50 percent over the past two years to a 28-year low, the number of applications to secure a purchase mortgage loan for an existing home in the…
New Home Purchase Activity Drops, Average Loan Size Too
With purchase mortgage loan application volume for existing homes on the decline, application volume for new home loan purchases in the U.S. dropped 12 percent from August to September and…
Purchase Mortgage Activity Has Dropped Over 50 Percent
Having inched up 1 percent the week prior, the number of applications to secure a purchase mortgage loan for an existing home in the U.S., which is a leading indicator,…
Purchase Mortgage Activity Inches Up, But…
Having dropped 6 percent the week prior, the number of applications to secure a purchase mortgage loan for an existing home in the U.S., which hit a 28-year low last…
Benchmark Mortgage Rate Nears a 23-Year High, Jumbos Jump
The average rate for a benchmark 30-year mortgage ticked up another 12 basis points (0.12 percentage points) over the past week to 7.31 percent, which is 61 basis points higher…