Demand for purchase loans sinks as mortgage rates rebound
Mortgage rates have been inching up from 2023 lows following a strong jobs report and January's Consumer Price Index readout, which shows only a slight cooling in inflation
by Matt Carter Feb 15
Homebuyer demand for mortgages up for second week in a row
Purchase loan requests rise 3% week over week as mortgage rates ease but remain down 39% from the same time a year ago
by Matt Carter Jan 25
Rates may ease, but affordability tools will still be in demand
Zillow, UWM executives are optimistic mortgage rates will come back down but advised real estate agents at Inman Connect New York on Tuesday to get familiar with affordability tools
by Matt Carter Jan 24
Homebuyer loan requests jump 25% as mortgage rates continue to fall
After 2 months of declines, mortgage rates are now at their lowest level since September with potential to spur spring homebuying: MBA economist
by Matt Carter Jan 18
Refis ramp up as rates fall to 6.28% — but homebuyers stay on the fence
Requests to refinance accounted for 31% of all loan applications last week, well below the past decade’s average of 58%, according to a weekly MBA lender survey
by Matt Carter Jan 11
Homebuyers take notice as mortgage rates continue to fall
Demand for purchase loans has increased in 5 out of the past 6 weeks, according to a weekly survey of lenders by the Mortgage Bankers Association released Wednesday
by Matt Carter Dec 14
Mortgage rates fall — but so does demand, breaking 4-week streak
As mortgage rates continue to retreat from 2022 highs, all eyes will be on Federal Reserve as policymakers conduct their final meeting of the year next week
by Matt Carter Dec 7
Home price declines leave 450,000 borrowers underwater
Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to the latest Black Knight Mortgage Monitor
by Matt Carter Dec 5
Homebuyer demand picks up again as mortgage rates retreat below 7%
While purchase loan applications were up 4% week over week, there's still 'very little refinance incentive with rates so much higher than last year,' MBA forecaster says
by Matt Carter Nov 16
Mortgage giants Fannie and Freddie battened down the hatches in Q3
Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses in the event that falling home prices drive up defaults
by Matt Carter Nov 8
Slight dip in mortgage rates not enough to spark homebuyer demand
Demand for purchase loans fell 1% last week compared to the week before, and was down 41% from a year ago, according to a new Mortgage Bankers Association survey released Wednesday
by Matt Carter Nov 2
Mortgage demand hits lowest level in 25 years as rates keep rising
With a Fed meeting looming next week, rates on 30-year fixed-rate mortgages have surged well past the 7% threshold, a Mortgage Bankers Association survey released Wednesday shows
by Matt Carter Oct 26
Mortage applications sag again as rates resume climb to 7%
A rate index published by Mortgage News Daily shows rates on 30-year fixed mortgages averaging 7.14 percent on Tuesday
by Matt Carter Oct 12
Mortgage demand stalls as rates climb toward 7% on Fed moves
Rates for borrowers with credit scores below 680 making down payments of less than 20 percent climbed past 7% on Monday, according to Optimal Blue
by Matt Carter Sep 28
Mortgage demand flattens as rates make another run toward 6%
No sign of a rebound in purchase applications, but August data showing a strong job market 'should support housing demand,' MBA economist says
by Matt Carter Sep 7