Latest Updates Around The World
“Mortgage rates fell, with the 30-year fixed rate falling to 6.17%, and all other loan types in the survey also fell. Refinancing applications rose for all loan types, marking the strongest week for refinancing since mid-January. Overall, however, there was a decline in purchase applications, although VA purchase applications bucked the trend and rose 4%.” […]
“Mortgage applications were relatively flat last week, but it was a mixed bag across loan types. The 30-year fixed rate was unchanged at 6.21%, and conventional applications fell for both purchases and refinances as borrowers held out for another rate cut or switched to other types of loans,” said Joel Kan, MBA vice president and […]
The seasonally adjusted purchase index fell 14% from a week earlier, while the unadjusted purchase index rose 2% from the week before and was 4% higher than the same week a year ago. “Registrations fell last week, reflecting a 14% decline in purchase applications. Winter Storm Fern likely had an impact because much of the […]
On an unadjusted basis, the index fell 6% compared to the previous week. The refinancing index fell 6% from the previous week and was 110% higher than the same week a year ago. The refinance share of mortgage activity rose to 59.1% of total applications from 59.0% the week before. The seasonally adjusted purchasing index […]
MBA’s PAPI, which tracks changes over time in new monthly mortgage payments relative to income, uses data from the trade group’s weekly application survey. The PAPI fell 0.2% to 149.6, marking a sixth straight monthly improvement. “Affordability conditions have now improved for six months in a row as lower mortgage rates and strong growth in […]
“Mortgage rates rose last week, with the 30-year fixed rate rising to 6.4%, the highest level since early October,” said Joel Kan, MBA vice president and deputy chief economist. “Despite these slightly higher rates, purchase applications increased during the week and remained at a stronger pace than a year ago, with increases in conventional and […]
“Increased use of ARM loans, whose rates averaged nearly 80 basis points lower than fixed-rate loans, also contributed to the increase in revenue and a slightly higher average loan size, the third monthly increase. In October, our data showed that ARM loans accounted for 25% of applications, up from 16% a year ago.” Kan added […]
“Mortgage rates moves were mixed last week as Treasury yields rose modestly after last week’s FOMC meeting. The 30-year fixed rate was largely unchanged at 6.31% and remained near the lowest level in more than a year,” said Joel Kan, MBA vice president and deputy chief economist. “Despite a decline last week, refinance applications are […]
“The mortgage interest rate fell further last week, with the 30-year fixed rate to the lowest level since last September to 6.34%,” said Mike Fratantoni, senior vice president and chief economist of MBA. “The interest rates have generally risen after the FOMC meeting last week, but remain in a reach that should continue to lead […]
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