One issue for would-be homebuyers seeking jumbo mortgages is that rates haven't come down as dramatically as they have for conforming mortgages eligible for purchase by Fannie and Freddie
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
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
Purchase loan applications jump by a seasonally adjusted 11% after 5 consecutive weeks of declines as mortgage rates continue to retreat from 2024 highs
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
The trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Federal Reserve policymakers may take their time before cutting rates
Demand for purchase loans has picked up in 5 of the last 7 weeks as mortgage rates continue a dramatic retreat from October highs on expectations of Fed rate cuts
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
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
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
Demand for purchase loans picks up slightly, and mortgage rates continue to remain below 2023 peaks, as latest inflation data out Wednesday doesn't ruffle investors who fund most mortgages
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
The dollar amount of loans distributed during the fourth quarter of 2020 was also the highest quarterly amount distributed since at least 2000
During the third quarter, 3.25 million mortgages were originated on residential properties, the highest level this figure has reached in 13 years
Refinance rates increased by 0.4% week over week and by a whopping 111% year over year, according to data from the Mortgage Bankers Association released Wednesday