Applications for purchase mortgages hit their highest level since July last week, and rates keep falling as weak jobs reports and more encouraging inflation data point to Sept. 17 Fed rate cut
Purchase loan requests are up 3% from a week ago and 22% from last last year even as mortgage rates climb to highest level in 4 weeks, Mortgage Bankers Association survey shows
With more homes to choose from, purchase loan applications were up 18% from a year ago last week as buyers forged ahead despite economic uncertainty, MBA lender survey finds
Ongoing banking instability sparked by the failures of Silicon Valley Bank and Signature Bank may affect the availability of jumbo mortgages not eligible for purchase by Fannie Mae, Freddie Mac
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
Rising demand for purchase loans and refinancing as rates climb to new highs underscores volatility, with Fed expected to continue rate hikes, according to the MBA's latest survey