New Home Demand Drops Despite Rise in Supply
While the seasonally adjusted pace of new single-family home sales in the U.S. rebounded in August to an annualized pace that was effectively even with the same time last year,…
Mortgage Application Volume Plummets
With the benchmark 30-year mortgage rate nearing a 20-year high, mortgage loan application volume plummeted over 14 percent last week, with a 13 percent drop in applications to purchase a…
Purchase Mortgage Application Volume Now Down 30 Percent
While mortgage loan application volume to purchase a home in the U.S. ticked up one (1) percent on a seasonally adjusted basis over the past week, it continued to tick…
Average 30-Year Mortgage Rate Just Hit 6 Percent, Headed Up
Having already doubled over the past year, the average rate for a benchmark 30-year mortgage ticked up another 13 basis points (0.13 percentage points) over the past week to 6.02…
Purchase Mortgage Applications Now Down Nearly 30 Percent
With a seasonal adjustment for Labor Day, mortgage loan application volume in the U.S. ticked down 1.2 percent over the past week, according to data from the Mortgage Bankers Association’s.…
Benchmark Mortgage Rate Has Doubled, Poised to Climb
With purchase demand for existing homes across the nation having already dropped over 20 percent and the pace of new home sales down nearly 30 percent, year-over-year, driven by a…
Sellers “Recalibrating” as Mortgage Rates Climb, Buying Wanes
The average rate for a benchmark 30-year mortgage ticked up another 11 basis points (0.11 percentage points) over the past week to 5.66 percent, an average rate which is now…
Demand for Mortgages to Purchase Homes Continues to Shrink
Mortgage loan application volume in the U.S. dropped nearly 4 percent on a seasonally adjusted basis and 5 percent in the absolute over the past week, with a 4 percent…
Purchase Activity at the High End of the Market Is Weakening
Mortgage loan application volume in the U.S. dropped another 3.0 percent over the past week from what was already a 22-year low, with a 2 percent drop in purchase mortgage…
Purchase Activity for New Homes in the U.S. Continues to Drop
Despite the fact that the number of new homes on the market across the U.S. is over 30 percent higher than at the same time last year, with the most…