Articles Recently Tagged: Mortgages

(72 posts)

Mortgage Loan Activity Continues to Drop

Having dropped 5 percent last week, mortgage loan application volume across the U.S. has since ticked down another 3 percent in the absolute, or 3.7 percent on a seasonally adjusted basis, with another 5 percent drop in refinancing activity and a 1 percent drop in purchase activity, according to... Read More »

Benchmark Mortgage Rate Inches Down

Benchmark Mortgage Rate Inches Down

Having ticked up 53 basis points, or 0.53 percentage points, from an all-time low of 2.65 percent in early January, the average rate for a benchmark 30-year mortgage inched down 5 basis points over the past week to 3.13 percent and is still 20 basis points below its mark... Read More »

Mortgage Loan Activity Drops

Having ticked down 2 percent last week with the traditional spring buying/selling season underway, mortgage loan application volume across the U.S. has since dropped another 5 percent in the absolute, or 5.1 percent on a seasonally adjusted basis, with a 5 percent drop in refinancing activity and a 4... Read More »

Benchmark Mortgage Rate Nearing a 10-Month High

Benchmark Mortgage Rate Nearing a 10-Month High

The average rate for a benchmark 30-year mortgage, which inched over 3 percent for the first time since last July earlier this month, inched up another 8 basis points (0.08 percentage points) over the past week to 3.17 percent and is nearing a 10-month high. That being said, the... Read More »

Refinancing Activity Hits a 6-Month Low

With refinancing activity having dropped to a six-month low, and currently down 13 percent on a year-over-year basis, versus 100 percent higher just two months ago, mortgage loan application volumes only slipped 2 percent in the U.S. last week, buoyed by a 3 percent increase in purchase loan activity,... Read More »

Mortgage Rates Continue to Inch Up

Mortgage Rates Continue to Inch Up

While the Fed has just affirmed its intentions to maintain a low rate environment through 2023, the average rate for a benchmark 30-year mortgage, which inched over 3 percent for the first time in seven months two weeks ago, inched up another 4 basis points (0.04 percentage points) over the... Read More »

Mortgage Rates Inch Up

Mortgage Rates Inch Up

Having inched over 3 percent for the first time in seven months last week, the average rate for a benchmark 30-year mortgage has since inched up another 3 basis points (0.03 percentage points) to 3.05 percent. That being said, the average 30-year rate is still 31 basis points below... Read More »

Mortgage Loan Activity Slips Driven by a Drop in Refinancings

Having ticked up 2 percent last week, mortgage loan activity across the U.S. has since slipped a percent, driven by a drop in refinancing activity, according to the Mortgage Bankers Association. In fact, while applications to refinance were up 100 percent on a year-over-year basis just two months ago,... Read More »

Mortgage Loan Activity Ticks Up, But…

Having dropped 10 percent last week, mortgage loan activity across the U.S. ticked up 2.0 percent this week, with purchase loan activity ticking up 5 percent and refinancing activity inching up 0.1 percent, according to the Mortgage Bankers Association. But the year-over-year increase in purchase loan activity, which measured... Read More »

Mortgage Loan Activity Drops

Having slipped earlier this month, mortgage loan activity across the U.S. dropped 10 percent over the past week, with purchase loan activity dropping 8 percent and refinancing activity down 11 percent, according to the Mortgage Bankers Association. That being said purchase activity is still 7 percent higher than at... Read More »