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
Mortgage rates are chasing Treasury yields lower — for now
With a key inflation report due Friday, rates have retreated to levels not seen in 2 weeks after Fed Chair Jerome Powell signals central bank could ease up on 'quantitative tightening'
by Matt Carter Mar 27
ICE on a signing spree for new 'mortgage tech ecosystem'
In pursuit of a bigger slice of an estimated $14B market after Black Knight acquisition, Intercontinental Exchange signs 37 new Encompass clients and 4 new servicing clients
by Matt Carter Mar 21
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
Surging mortgage rates gain momentum on new inflation data
Mortgage rates rise for the fourth day in a row, pushing back through 7% as more worrisome inflation data puts to rest any lingering hopes for a Federal Reserve rate cut this spring
by Matt Carter Mar 14
Homebuyers made hay while mortgage rates were down
Purchase loan applications surged for the second week in a row last week, but now rates are headed back up as worrisome inflation data casts doubts on timing of Fed rate cuts
by Matt Carter Mar 13
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
Latest inflation numbers give mortgage rates some room to fall
A key Fed inflation metric, the PCE price index, continues to drop toward the Fed's 2% inflation target, falling from 2.6% annual growth in December to 2.4% in January
by Matt Carter Feb 29
Homebuyer mortgage demand down for 5th consecutive week
With mortgage rates hovering above 7%, requests for purchase loans were down by a seasonally adjusted 5% week over week and 2% lower than a year ago, MBA lender survey finds
by Matt Carter Feb 28
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
Jungo and Homebot team up to cultivate mortgage prospects
Integration of Jungo's CRM solution with Homebot lets mortgage loan officers share real-time data and insights into market trends, interest rates and property values with prospective clients
by Matt Carter Feb 20
Demand for purchase mortgages drops for 3rd week in a row
MBA lender survey shows applications from homebuyers are down 12% from a year ago, as mortgage rates continue to rebound from December lows on stubborn inflation data
by Matt Carter Feb 14
'The vibe is pretty good' as first earnings season of 2024 kicks off
Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023
by Jim Dalrymple II Feb 14
Homebuyer purchase loan demand falls again as mortgage rates firm
After picking up during the first 3 weeks of January, MBA lender surveys show applications for purchase loans are contracting, with mortgage rates no longer in free fall from 2023 highs
by Matt Carter Feb 7
Applications for purchase loans sag for first time in 2024
Firming up of mortgage rates finally catches up with homebuyer demand, with applications for purchase loans falling by a seasonally adjusted 11% last week, MBA survey shows
by Matt Carter Jan 31