The volume of applications to secure a purchase mortgage loan for a home in the U.S. inched up 2 percent last week on both an absolute and seasonally adjusted basis, representing the fourth straight week with an uptick in purchase mortgage activity, according to the Mortgage Bankers Association. That... Read More »

With all the volatility in the financial markets, the average rate for a benchmark 30-year mortgage ticked down 13 basis points (0.13 percentage points) over the past week to 6.60 percent but remains 244 basis points, or roughly 60 percent, higher than at the same time last year and... Read More »

Driven by discounting and concessions, as home builders are more “motivated to sell homes in their construction pipeline,” versus existing-home owners that might try to hold out for last year’s prices, with varying results, mortgage loan application volume for new homes across the U.S. ticked up 4 percent last... Read More »

The volume of applications to secure a purchase mortgage loan for a home in the U.S. ticked up 9 percent in the absolute last week, representing a 7 percent increase on a seasonally adjusted basis from a 28-year low. That being said, purchase mortgage activity was still down over... Read More »

Having dropped to a 28-year low last week, the volume of applications to secure a purchase mortgage loan for a home in the U.S. has since ticked down another 3 percent in the absolute, representing a 6 percent drop on a seasonally adjusted basis, according to data from the... Read More »

The average rate for a benchmark 30-year mortgage ticked up another 18 basis points (0.18 percentage points) over the past week to 6.50 percent, which is 261 basis points, or nearly 70 percent, higher than at the same time last year and 385 basis points, or nearly 150 percent,... Read More »

While home buying activity typically starts ticking up in February, the volume of applications to secure a purchase mortgage loan for a home in the U.S. dropped 18 percent on a seasonally adjusted basis last week and was 41 percent lower than at the same time last year, according... Read More »

With the average rate for a 30-year mortgage having ticked back over 6 percent and poised to rise, the seasonally adjusted volume of applications to secure a purchase mortgage loan for a home in the U.S. ticked down another 5 percent over the past week and was down 40... Read More »

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 U.S. dropped 10 percent last week, pushing the year-over-year decline in purchase activity back over 40 percent, according to... Read More »

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 percent but remains 35 percent lower than at the same time last year, according to data from the Mortgage... Read More »