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Articles Recently Tagged: Mortgages

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Pace of Existing Home Sales in the U.S. Ascends, But…

Pace of Existing Home Sales in the U.S. Ascends, But…

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 Drop

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 »

Purchase Mortgage Activity for New Homes in the U.S. Drops

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 »

Mortgage Rates Inch Up, 30-Year Rate Hits a Six-Month High

Mortgage Rates Inch Up, 30-Year Rate Hits a Six-Month High

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 Inch Up, But…

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 Drop

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 »

Benchmark Mortgage Rate Jumps Back Above 3 Percent

Benchmark Mortgage Rate Jumps Back Above 3 Percent

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 »

Pending Home Sales in the U.S. Recovered Last Month, But…

Pending Home Sales in the U.S. Recovered Last Month, But…

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 »

Purchase Mortgage Activity in the U.S. Ticks Down

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 »

Purchase Mortgage Activity Down 17 Percent for New Homes

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 »