Having dropped 2.0 percent in August, the seasonally adjusted pace of existing-home sales across the U.S. rose 7.0 percent in September to an annual rate of 6.29 million sales. That being said, sales were down on a year-over-year basis for the second month in a row, dropping 2.3 percent... Read More »

Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 6.3 percent on a seasonally adjusted basis over the past week and were down 6 percent in the absolute, including a 7 percent drop in refinancing activity and a 5 percent drop in applications... Read More »

While inventory levels hit a 13-year high in August, and were up over 30 percent on a year-over-year basis, mortgage application volumes to purchase new homes in the U.S. dropped 4 percent in September and were down over 16 percent on a year-over-year basis, according to the Mortgage Bankers... Read More »

Having jumped back over 3 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched up to 3.05 percent, which is a six-month high. And while 3.05 percent is still historically low, with the 30-year rate having averaged closer to 6 percent over the... Read More »

Mortgage loan application volumes across the U.S. inched up 0.2 percent over the past week on a seasonally adjusted basis having dropped 6.9 percent the week before, with a 2 percent increase in purchase mortgage activity in the absolute, according to the Mortgage Bankers Association. That being said, purchase... Read More »

Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 6.9 percent on a seasonally adjusted basis over the past week and were down 7 percent in the absolute, according to the Mortgage Bankers Association. While the overall drop was driven by a 10... Read More »

The average rate for a benchmark 30-year mortgage jumped 13 basis points (0.13 percentage points) over the past week to 3.01 percent. While 3.02 percent is still historically low, with the 30-year rate having averaged 5.84 percent over the past 30 years, that’s 13 basis points above the average... Read More »

Having ticked down 1.8 percent in July, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, recovered 8.1 percent in August for a reading of 119.5. That being said, the index is still down 8.3 percent... Read More »

Overall mortgage loan application volumes to either purchase or refinance a home in the U.S. ticked down 1.1 percent on a seasonally adjusted basis over the past week, according to the Mortgage Bankers Association. And with a two (2) percent drop in purchase mortgage application volume in the absolute,... Read More »

While purchase mortgage application volumes for new home purchases across the nation ticked up 9 percent from July to August, application volumes were down 17 percent on a year-over-year basis, according to the Mortgage Bankers Association and despite the fact that there were over 26 percent more new homes... Read More »