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Refinances inched up 2% as interest rates dipped, but accounted for only 31% of activity, compared to two-thirds a year ago.
August 3 -
New single-family home mortgage applications, housing starts and industry sentiment all came in at their lowest since 2020.
July 19 -
Average purchase-loan amounts shrank for the second week in a row and are currently 12% below their record size in March.
July 6 -
Elevated prices coupled with higher mortgage rates are leading to affordability challenges that have reduced borrowing volumes.
June 8 -
While the purchase index registered a tiny uptick, activity has fallen to nearly the same level seen during the first months of the pandemic shutdown.
May 25 -
Purchase numbers came in higher for both conventional and government activity, while the average loan amount shows signs of easing.
May 4 -
Surging interest rates have pushed refinance applications down by over 70% in a year, while ARMs have doubled their share in three months.
April 27 -
But the sluggish pace of refinances brought down overall application numbers last week.
March 30 -
Overall application activity was down by more than 40% compared with one year ago, the Mortgage Bankers Association found.
February 23 -
Steadily climbing rates have contributed to a 40% decline in loan activity from one year ago.
February 9