Mortgage Rates Inch Down, Probability of Q1 Cut Slips
Having inched up from 6.61 to 6.66 percent over the past two weeks, the average rate for a benchmark 30-year mortgage has since inched back down to 6.60 percent, which…
Mortgage Rates Inch Up
Having dropped to a six-month low of 6.61 percent at the end of 2023, the average rate for a benchmark 30-year mortgage has since inched up a (1) basis points…
Purchase Mortgage Activity Keeps Ticking Down
Despite a drop in mortgage rates to a six-month low, purchase mortgage application volume in the U.S. ticked down 5 percent on a seasonally adjusted basis over the past two…
Benchmark Mortgage Rate Drops to a Six-Month Low, And…
Having slipped back under 7 percent last week, the average rate for a benchmark 30-year mortgage has since dropped another 28 basis points (0.28 percentage points) to 6.67 percent, which…
Benchmark Mortgage Rate Slips Back Under 7 Percent
The average rate for a benchmark 30-year mortgage has slipped back under 7 percent for the first time in four months, inching down 8 basis points (0.08 percentage points) over…
Refinancing Activity Drives Mortgage Application Volume Up, Not Purchases
While the Mortgage Bankers Association’s index for mortgage loan application volume increased 6 percent last week, said increase was actually driven by refinancing activity, the sub-index for which jumped 19…
Mortgage Credit Availability Drops
Having ticked up a (1) percent in October, mortgage credit availability, as indexed by the Mortgage Bankers Association, ticked down 1.7 percent in November, with a 5.4 percent drop in…
Discounting Helps Drive New Home Purchase Activity Up
Having dropped 12 percent from August to September, application volume for new home loan purchases in the U.S. ticked up 6 percent from September to October and was nearly 40…
Adjusted Purchase Mortgage Activity Inches Up (From a 28-Year Low)
Having dropped to its lowest level in 28 years earlier this month, the number of applications to secure a purchase mortgage loan for an existing home in the U.S. slipped…
Purchase Mortgage Activity Drops to a Lower 28-Year Low
Already down over 50 percent over the past two years to a 28-year low, the number of applications to secure a purchase mortgage loan for an existing home in the…