Mortgage demand drops by half!

Mortgage demand plummets from a year ago, weekly applications up 6.6%

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Mortgage demand is now less than half of what it was a year ago, CNBC's Diana Olick reports.

Mortgage refinancing demand drops 70% from a year ago

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

CNBC's Diana Olick, joins 'The Exchange' to report on rising mortgage rates.

Surging interest rates push mortgage demand down more than 40% from a year ago

Broadcast Media Production and... Broadcast Media Prod... | 2 years ago

Fast-rising mortgage rates are cutting demand for home loans drastically.

Total mortgage demand plummets 41% year-over-year amid rising rates

Broadcast Media Production and... Broadcast Media Prod... | 2 years ago

CNBC's Diana Olick joins 'Squawk Box' to break down the latest data from the Mortgage Bankers Association.

Mortgage demand from homebuyers is now nearly half what it was a year ago

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Mortgage demand fell last week to nearly half what it was a year ago, according to the Mortgage Bankers Association, as rates hit their highest level in 21 years. Overall, demand for mortgages is at the lowest level since 1997. Mortgage applications to purchase a home dropped 2% from the prior week and were 42% lower than the same week in 2021. The annual comparison continues to jump each week, as fewer buyers either want or can afford to get into this very pricey housing market. Applications to...

Mortgage activity slows, now down 63% from a year ago

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Mortgage volumes dropped for a fourth consecutive week, with the pace of both purchase and refinance originations slowing, the Mortgage Bankers Association reported.Overall, new mortgage applications inched downward 1.8% from the previous week on a seasonally adjusted basis and came in 63% below volumes of a year ago, according to the MBA’s Market Composite Index, a measure of weekly activity based on surveys of association members. Volumes have fallen to a level not seen since February 2000,...

30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets. The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mortgage News Daily. That followed a 33 basis point jump Monday. The rate was 5.55% one week ago. Rising rates have caused a sharp turnaround in the housing market. Mortgage demand has plummeted. Home sales have fallen for six straight months, accord...

FHFA Says Home Prices Up 19.4% from One Year Ago

realestateinvestingtoday realestateinvestingt... | 1 year ago

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 2.1% in February, 2022 and were up 19.4% from one year ago. The FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all [...] The post FHFA Says Home Prices Up 19.4% from One Year Ago appeared first on Real Estate Investing Today.

NWMLS: Prices down, listings way up, sales flat from a year ago

seattlebubble seattlebubble | 5 years ago

The NWMLS published their March stats today, so let's take a look at how the month shook out for the housing market. The King County median price of single-family homes was down year-over-year in March, falling more than it has since March of 2012. Inventory was up from a year ago again, but the increase was the smallest in the last five months. Pending sales recovered from the February snow storm dip, but were only up five percent… The post NWMLS: Prices down, listings way up, sales flat from...