Wells Fargo discrimination suit ends in $100M homebuyer fund
The bank still denies wrongdoing, despite the settlement
by Marian McPherson May 22
Mortgage applications saw healthy boost during sub-6% rate week
This week's rate spikes and conflict in Iran could lead to a new downturn in applications
Jerome Powell
The 9-3 split vote reflects differing views on whether the central bank's biggest worry is inflation or rising unemployment, with data lagging after the government shutdown
by Matt Carter Dec 10
Rising inventories have more homebuyers going to their lender
Purchase loan applications soared 10% last week to the highest level since April, even though rates have been stuck in the high 6s, the Mortgage Bankers Association reported Wednesday
by Matt Carter Jun 11
Homebuyers out in force for a 2nd week as mortgage rates stabilize
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
by Matt Carter May 14
Homebuyers are responding to stable rates, rising inventories
Demand for purchase mortgages has been stronger than a year ago for more than 2 months as mortgage rates stay well below 2025 highs seen in January, MBA lender surveys show
by Matt Carter Apr 2
FHA, VA requests drive pickup in purchase mortgage demand
Rates surged and then pulled back last week in what could foreshadow more election-year volatility in the months ahead. Powell tells Congress Fed will remain above the fray
by Matt Carter Jul 10
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
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
Demand for purchase mortgages climbs for 3rd week in a row
Purchase mortgage applications surge by 8% as homebuyers seeking to take advantage of recent decline in rates get an early jump on the spring homebuying season, MBA lender survey shows
by Matt Carter Jan 24
Lower mortgage rates failed to spur homebuyers into action last week
Demand for purchase loans has picked up in 5 of the last 7 weeks as mortgage rates continue a dramatic retreat from October highs on expectations of Fed rate cuts
by Matt Carter Dec 20
Mortgage applications decline
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
by Lillian Dickerson Sep 16
As mortgage rates drop, loan applications rise 2.9%
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 applications drop 5.1%
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
Mortgage applications rise 2.2%
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