MBA: Purchase Mortgage Applications Reach 28-Year Low
Purchase mortgage applications for the second straight week reached the lowest level since 1995 amid rising interest rates, according to the Mortgage Bankers Association.
Purchase mortgage applications for the second straight week reached the lowest level since 1995 amid rising interest rates, according to the Mortgage Bankers Association.
Older adults are more likely to see their mortgage applications rejected compared to applicants in other age groups, according to recent research, but the rejections might not point to lender discrimination.
Falling mortgage rates appear to have brought more buyers out in December than in November, according to a new report from brokerage and listings portal Redfin.
Amid current economic conditions and the typically low demand for mortgages at year-end, mortgage applications at the end of December reached the lowest level since 1996, according to the Mortgage Bankers Association.
Mortgage application activity last week slowed to a pace not seen in 25 years as mortgage rates continued to rise, according to the Mortgage Bankers Association.
Mortgage applications were down for the fourth week in a row nationwide, according to the Mortgage Bankers Association, as interest rates and rising home prices continued to push many out of the market.
Even as mortgage interest rates hit levels not seen since the fall of 2009, early indications show America’s prospective homebuyers appear to be adapting, not quitting the market.
By three different measures, the cost of buying a home in America is going through the roof – so high that one analysis says housing affordability is the worst it’s been since 2006.
New data from the Mortgage Bankers Association shows national demand for purchase loans is strengthening to levels last seen in April, a sign the summer’s dip in housing demand could be only temporary.
Fannie Mae’s monthly survey of homebuying sentiments showed Americans’ perceptions of the housing market continued to diverge last month, pointing the way towards a potential easing of demand for homes even as average 30-year mortgage interest rates remain at or near 3 percent.
The number of applications for purchase and refinance mortgages nation-wide jumped last week while growth in the number of loans in forbearance continued to slow according to a pair of new surveys from the Mortgage Bankers Association.
Mortgage applications increased 21.7 percent from one week earlier in the wake of the Federal Reserve’s rate cut, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Aug. 9.
Prices are up, interest rates are rising and it’s tough for a lot of people to qualify to buy a home. So what do some of them do? A growing number of them fake it.
Mortgage applications increased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 2.
Mortgage applications decreased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 15, 2017.
Mortgage applications decreased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Nov. 24, 2017.
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2017 shows mortgage applications for new home purchases increased 16.1 percent compared to October 2016.
Mortgage applications decreased 4.6 percent from one week earlier, according to data released yesterday from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Oct. 20.
Mortgage applications increased 3.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Oct. 13, 2017. This week’s results included an adjustment for the Columbus Day holiday.w
Mortgage applications decreased 0.5 percent from the week prior for the week ending Sept. 22, 2017, per the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.