Big drop in mortgage rates fuels refis, but homebuyers unmoved
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
by Matt Carter Jul 17
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
Homebuyers sit up and take notice as mortgage rates fall
Purchase loan applications jump by a seasonally adjusted 11% after 5 consecutive weeks of declines as mortgage rates continue to retreat from 2024 highs
by Matt Carter Mar 6
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
Purchase loan applications soar 9% following drop in mortgage rates
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
by Matt Carter Jan 18
Lower mortgage rates failed to spur homebuyers into action last week
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
by Matt Carter Dec 20
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
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
Bond market investors convinced Fed won't hike rates next week
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
by Matt Carter Sep 13
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
Refinance loans spur 14-year high in lending activity
The dollar amount of loans distributed during the fourth quarter of 2020 was also the highest quarterly amount distributed since at least 2000
Low interest rates spur new high for mortgage originations
During the third quarter, 3.25 million mortgages were originated on residential properties, the highest level this figure has reached in 13 years
by Lillian Dickerson Nov 18
Mortgage applications rise 2.2%
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