Purchase Activity for New Homes Down Despite More Inventory
Mortgage loan application volume to purchase a new home in the U.S. ticked up 10 percent from February to March with typical seasonality in play. That being said, application volumes…
Mortgage Activity in the U.S. Continues to Drop
Mortgage loan application volumes in the U.S. dropped another 6.3 percent over the past week on a seasonally adjusted basis and 6 percent in the absolute, according to data from…
Benchmark Mortgage Rate Climbs, Nearing an 11-Year High
The average rate for a benchmark 30-year mortgage jumped another 25 basis points (0.25 percentage points) over the past week to 4.67 percent, which is 149 basis points, or nearly…
Purchase Mortgage Activity Inches Up, Down Year-Over-Year
While mortgage loan application volumes in the U.S. dropped another 6.8 percent over the past week on a seasonally adjusted basis and 6 percent in the absolute, the decrease was…
Mortgage Rates Rocket to 3-Year Highs, Primed to Climb
The average rate for a benchmark 30-year mortgage jumped another 26 basis points (0.26 percentage points) over the past week to 4.42 percent, which is nearly 40 percent (125 basis…
Pace of New Home Sales in the U.S. Drops, Inventory Up
Having dropped a downwardly revised 8.4 percent in January, the seasonally adjusted pace of new single-family home sales in the U.S. ticked down another 2.0 percent in February to an…
Mortgage Loan Application Volumes in the U.S. Drop
Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 8 percent on both a seasonally adjusted and absolute basis last week, with purchase activity…
Purchase Activity for New Homes in the U.S. Ticks Down
Despite February typically marking the start of the spring home buying season, mortgage application volume to purchase a new home in the U.S. actually ticked down 1 percent in the…
Benchmark Mortgage Rate Rockets Back Over 4 Percent
The average rate for a benchmark 30-year mortgage jumped 31 basis points (0.31 percentage points) over the past week to 4.16 percent, which is 35 percent (107 basis points) higher…
Mortgage Loan Application Volumes Slip, Rate Hikes Pending
Having ticked up last week from a two-year low, mortgage loan application volumes to either purchase or refinance a home in the U.S. have slipped a percent on both a…