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 week before, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey data. At the same time, the median... Read More »

Having dropped in September, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 7.5 percent in October to an annualized rate of 632,000 sales, which was only 5.8 percent lower than at the same time last year but nearly 35 percent below the pace... Read More »

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 rate having ticked back under 7 percent, application volume dropped 10 percent in the absolute and was down 46... Read More »

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 percent on a year-over-year basis and purchase mortgage activity down 41 percent to a 7-year low, according to data... Read More »

Having dropped to a 25-year low last week, mortgage loan application volume in the U.S. has since ticked down another 2 percent, driven by a 3 percent drop in purchase mortgage activity, which is now down 42 percent on a year-over-year basis and at its lowest level since 2015,... Read More »

With the benchmark 30-year mortgage rate having hit a 20-year high but still running below its long-term average, mortgage loan application volume in the U.S. dropped another 4 percent over the past week to its lowest level since 1997 and purchase mortgage activity is down 38 percent versus the... Read More »

While the seasonally adjusted pace of new single-family home sales in the U.S. rebounded in August to an annualized pace that was effectively even with the same time last year, but still below pre-pandemic levels, the number of mortgage loan applications for new homes in the U.S. dropped 7... Read More »

With the benchmark 30-year mortgage rate nearing a 20-year high, mortgage loan application volume plummeted over 14 percent last week, with a 13 percent drop in applications to purchase a home, both in the absolute and on a seasonally adjusted basis. And with last week’s plummeting, purchase mortgage application... Read More »

While mortgage loan application volume to purchase a home in the U.S. ticked up one (1) percent on a seasonally adjusted basis over the past week, it continued to tick down on a year-over-year basis and was 30 percent lower than at the same time last year, according to... Read More »

Having already doubled over the past year, the average rate for a benchmark 30-year mortgage ticked up another 13 basis points (0.13 percentage points) over the past week to 6.02 percent, an average rate which is 110 percent higher than at the same time last year, 127 percent above... Read More »