Requests to refinance existing mortgages was up 18% week over week but down 50% from a year ago, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey
Rates on 30-year fixed-rate loans rise for the fifth consecutive week, to the highest level since March 2020
Average purchase loan request hits record $418,500, and falling demand for FHA and VA mortgages suggests first-time buyers are being priced out
Demand for purchase loans remains steady, but rising rates are closing the door on refinancing opportunities, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey
Demand for purchase loans fell to a seasonally adjusted 4% from 2 weeks ago, and 12% from a year ago, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey
Applications to refinance fell 41% from a year ago as rates increased for the third week in a row, according to The Mortgage Bankers Association’s Weekly Mortgage Applications Survey
Second straight week of increases in purchase loan applications following rate reversal suggests stronger sales activity in the weeks to come, according to the Mortgage Bankers Association
Demand for purchase loans and refinancings ebbed during last week of October
With Fed tapering coming as soon as November, market forces are already pushing mortgage rates higher
Purchase loan applications rose 2% week over week, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey, released Wednesday
Rise in FHA purchase applications suggests more first-time buyers are navigating high prices, tight inventories
With rates on 15-year mortgages hitting a record low, requests to refinance accounted for two-thirds of mortgage applications
After 6 months of easing, credit availability tightened by 8.5% in June
Applications for purchase loans and refinancing both up during holiday-shortened week
Rates on jumbo loans are currently lower than conventional mortgages, but could surge higher in the months ahead