The volume of mortgage applications declined 2.5% for the week ending Sept. 11, 2020, according to the Mortgage Bankers Association's weekly survey, released Wednesday
The market composite index, which measures mortgage loan application volume, increased by 2.9% on a seasonally adjusted basis. On an unadjusted basis, the index rose by 2.0%
Mortgage purchase applications were up 28% year over year, according to data released Wednesday by the Mortgage Bankers Association
Low rates have helped fuel an extraordinarily active summer for real estate. Although they remain historically low, a gradual trend upward could be less than stellar news for consumers
The decline in loan application activity may be a result of rising coronavirus cases in many states, as well as the delay of a new government-issued stimulus package
Gross domestic product data showed a historic drop in the second quarter, even as new unemployment claims continued to rise, according to new data released Thursday
Sales of new single-family homes rose 13.8% year over year, according to data from the US Census Bureau and the Department of Housing and Urban Development Development
Purchase activity was up 19% year over year, an increase for the ninth-consecutive week, according to new Mortgage Bankers Association data released Wednesday
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
The average 30-year mortgage hit a new all-time low of 3.07% this week, according to data from Freddie Mac released Thursday
'High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,' Joel Kan of the Mortgage Bankers Association said
Thirty-year, fixed-rate mortgages fell to 3.43%, from 3.45% last week, marking a historic new low, according to the Mortgage Bankers Association
The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45%, its lowest level since the Mortgage Bankers Association began its weekly survey
The lender will require a 700 credit score and 20% down for mortgages
Mortgage application activity increased by 15.3%, and the refinance index increased 26% during the week ending March 27