Homebuying Activity Drops, Risk Premium on the Rise
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped 5 percent over the past week on both an absolute and seasonally…
Mortgage Rates Inch Down, Probability of an Easing Slips
As projected, the average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage point) over the past week to 6.35 percent but remains 20 percent…
Homebuying Activity Ticks Up, Still Down 32 Percent YOY
Having slipped last week, the number of applications to secure a purchase mortgage loan for an existing home in the U.S. has since ticked back up 5 percent on both…
Mortgage Credit Availability Back Down to a Decade Low
Having inched up 0.4 percent in March, mortgage credit availability, as indexed by the Mortgage Bankers Association, slipped 0.9 percent in April and is back to its lowest level since…
Benchmark Mortgage Rate Slips, Poised to Drop. But…
Measured prior to yesterday’s quarter point hike by the fed, the average rate for a benchmark 30-year mortgage had inched back down 4 basis points (0.04 percentage point) over the…
Homebuying Activity Slips, Jumbo Loan Appetite Has Dropped
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. ticked down a (1) percent over the past week. And having ticked down…
Benchmark Mortgage Rate Inches Back Over 6.4 Percent
The average rate for a benchmark 30-year mortgage inched up another 4 basis points (0.04 percentage point) over the past week to 6.43 percent, continuing a trend that shouldn’t catch…
Benchmark Mortgage Rate Ticks Up, Odds of a Hike as Well
The average rate for a benchmark 30-year mortgage ticked up, not down, 12 basis points (0.12 percentage point) over the past week to 6.39 percent. As such, the average 30-year…
Home Buying Activity in the U.S. Drops
Having briefly rebounded last week, purchase mortgage application volume for existing homes in the U.S. has since dropped 9 percent in the absolute and 10 percent on a seasonally adjusted…
Benchmark Mortgage Rate Holding Firm at Over 6 Percent
The average rate for a benchmark 30-year mortgage effectively held over the past week, inching down 1 basis point (0.01 percentage point) from 6.28 to 6.27 percent. As such, the…