Andy Walden, Black Knight vp of enterprise research, joins 'The Exchange' to discuss the drop in mortgage demand and what it says about the housing market.
Andy Walden, Black Knight vp of enterprise research, joins 'The Exchange' to discuss the drop in mortgage demand and what it says about the housing market.
Mortgage rates continued to climb last week, causing another pullback in overall demand, which dropped to its slowest pace since 1997.
The post Mortgage demand hits lowest level since 1997 appeared first on HousingWire.
Mortgage rates continued to climb last week, causing another pullback in overall demand, which dropped to its slowest pace since 1997.
The post Mortgage demand hits lowest level since 1997 appeared first on HousingWire.
The numbers: A surge in mortgage rates to 6% is giving home shoppers chills, pushing them to wait to refinance or buy a home. With rates doubling from where they were a year ago, demand from buyers continues to weaken, as reflected in the Market Composite Index, a measure of mortgage application volume. The index is now at its lowest level since December 1999, the Mortgage Bankers Association (MBA) said on Wednesday. The market index fell 1.2% to 255 in the week ending September 9. A year ago, t...
The numbers: A surge in mortgage rates to 6% is giving home shoppers chills, pushing them to wait to refinance or buy a home. With rates doubling from where they were a year ago, demand from buyers continues to weaken, as reflected in the Market Composite Index, a measure of mortgage application volume. The index is now at its lowest level since December 1999, the Mortgage Bankers Association (MBA) said on Wednesday. The market index fell 1.2% to 255 in the week ending September 9. A year ago, t...
Some good news? Mortgage Bankers Association says fewer people are delinquent on their mortgage payments.
The post Mortgage delinquency rate reaches lowest level since 2019 Q4 appeared first on HousingWire.
Some good news? Mortgage Bankers Association says fewer people are delinquent on their mortgage payments.
The post Mortgage delinquency rate reaches lowest level since 2019 Q4 appeared first on HousingWire.
The dip in mortgage activity hit another milestone last week, with volumes now at lows not seen in 22 years, according to the Mortgage Bankers Association.The MBAโs Market Composite Index, a measure of weekly loan volumes based on surveys of association members, dropped a seasonally adjusted 6.3% for the period ending July 15. The index fell for the third consecutive week, and compared to the same seven-day period last year, came in nearly 60% lower, as both purchases and refinances declined....
The dip in mortgage activity hit another milestone last week, with volumes now at lows not seen in 22 years, according to the Mortgage Bankers Association.The MBAโs Market Composite Index, a measure of weekly loan volumes based on surveys of association members, dropped a seasonally adjusted 6.3% for the period ending July 15. The index fell for the third consecutive week, and compared to the same seven-day period last year, came in nearly 60% lower, as both purchases and refinances declined....
The numbers:ย Housing market activity continues to slow, as declines in in purchase and refinance applications to push the Market Composite Index, a measure of mortgage loan application volume, lower, the Mortgage Bankers Association (MBA) said on Wednesday. The market index fell 2.3% to 273.3 in the week ending August 12. One year ago, the index stood at 725.4. Key details:ย The Refinance Index dropped by 5% and was down 82% compared to a year ago. The Purchase Indexโwhich measures mortgage a...
The numbers:ย Housing market activity continues to slow, as declines in in purchase and refinance applications to push the Market Composite Index, a measure of mortgage loan application volume, lower, the Mortgage Bankers Association (MBA) said on Wednesday. The market index fell 2.3% to 273.3 in the week ending August 12. One year ago, the index stood at 725.4. Key details:ย The Refinance Index dropped by 5% and was down 82% compared to a year ago. The Purchase Indexโwhich measures mortgage a...
Demand for mortgage loans declined to the lowest level since 2000 last week, but could recover with falling rates.
The post Mortgage apps decline 2.3% to the lowest level since 2000 appeared first on HousingWire.
Demand for mortgage loans declined to the lowest level since 2000 last week, but could recover with falling rates.
The post Mortgage apps decline 2.3% to the lowest level since 2000 appeared first on HousingWire.
