Purchase Mortgage Activity Drops Despite Decline in Rates
Despite a drop in the average 30-year mortgage rate to a 4-month low, the seasonally adjusted volume of applications to secure a purchase mortgage loan for a home in the…
Purchase Mortgage Activity Jumps
Having dropped to a 9-year low last week, the seasonally adjusted volume of applications to secure a purchase mortgage loan for a home in the U.S. has since jumped 25…
Purchase Mortgage Activity Drops to a 9-Year Low
The seasonally adjusted volume of applications to secure a purchase mortgage loan for a home in the U.S. ticked down another (1) percent over the past week. As such, purchase…
Mortgage Application Volume Ended 2022 Near a 30-Year Low
With the seasonally adjusted volume of applications for purchase mortgage loans across the U.S. having dropped 12 percent over the last two weeks of last year, purchase mortgage application volume…
New Home Demand Down 25 Percent, Average Loan Size Drops
While the number of new homes on the market across the nation is approaching a 15-year high, with over 20 percent more inventory than at the same time last year,…
Demand Drops in “Rapidly Cooling Home-Price Environment”
With the average loan size on applications to purchase a home across the nation having dropped to a two-year low, which, in the euphemistic words of the Mortgage Bankers Association,…
Buyers are Borrowing/Paying Less for Homes
Mortgage loan application volume to finance the purchase of a home in the U.S. was only 41 percent lower on a year-over-year basis last week versus 46 percent lower the…
New Home Demand Drops, Average Loan Size Down as Well
While the number of new homes on the market across the nation has surpassed a 14-year high, with over 23 percent more inventory than at the same time last year,…
Purchase Mortgage Activity Down Nearly 50 Percent
While the seasonally adjusted volume of applications to secure a mortgage to purchase a home in the U.S. ticked up 4 percent over the past week, with the benchmark mortgage…
Refinancing Still Represents a Third of New Mortgage Activity
Having inched down another half a percent over the past week, mortgage loan application volume in the U.S. is holding at a 25-year low, with applications to refinance down 85…