Homebuyers falter as mortgage rates hit new 2024 highs
Requests for purchase loans dropped by 1% last week compared to the work before and were off 15% from a year ago, according to the latest Mortgage Bankers Association lender survey
by Matt Carter Apr 24
Would-be homebuyers balk as mortgage rates head back up
MBA surveys show purchase loan applications have been flat for 2 consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in
by Matt Carter Apr 3
Rising mortgage rates threaten to curtail spring homebuying
After 2 consecutive weeks of rising demand, applications for purchase mortgages dropped last week by a seasonally adjusted 1% from the week before, and by 14% from a year ago: MBA survey
by Matt Carter Mar 20
Rising mortgage rates taking a big bite out of homebuyer demand
Applications for purchase loans have dropped 4 weeks in a row, plummeting by a seasonally adjusted 10% last week, according to a survey of lenders by the Mortgage Bankers Association
by Matt Carter Feb 21
Homebuyers respond to biggest drop in mortgage rates this year
Purchase mortgage applications trended up last week for the first time in a month as mortgage rates retreated from 2023 highs, according to the MBA's weekly survey of lenders
by Matt Carter Nov 8
Mortgage demand slips again as rates continue relentless rise
Loan applications slip to lowest level since 1995 as mortgage rates climb for the 7th week in a row, according to a weekly survey of lenders by the Mortgage Bankers Association
by Matt Carter Oct 25
Mortgage rates hit 20-year high as demand 'close to multi-decade' low
Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than 2 decades, according to the Mortgage Bankers Association's weekly survey
by Matt Carter Oct 12
Soaring rates baffle economists, frustrate housing leaders
Economists are scratching their heads, and housing industry leaders are venting their frustrations as mortgage rates continue a relentless climb to new heights not seen in more than 2 decades
by Matt Carter Oct 4
Demand for purchase loans picks up, but so do mortgage rates
Applications for FHA mortgages and conforming loans backed by Fannie Mae and Freddie Mac were up last week even as rates crept back toward 2023 highs seen in August
by Matt Carter Sep 20
Homebuyer mortgage demand falls to lowest level since 1995
As mortgage rates hit new post-pandemic highs on inflation worries, MBA survey finds purchase loan demand down 5% week over week and 30% from a year ago
by Matt Carter Aug 23
Mortgage lenders tighten as homebuyer demand fades
Demand for purchase mortgages fell for a 4th consecutive week last week as rates continued to climb and inventories of homes for sale remained scarce, an MBA lender survey found
by Matt Carter Aug 9
A young girl getting a shot in the arm
When rates start to slide up and down, adjustable-rate mortgages will feel it
by Lou Barnes Sep 23
How to help your client select the best mortgage for their big adventure
Add value to your service with home loan knowledge
by Ray Rodriguez Sep 15
Commentary: Rigging workhorse rate was stupid, and the stupid should resign
by Lou Barnes Jul 6
Commentary: 'Nation of scorpions in a bottle'
by Lou Barnes Oct 15