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Mortgage volumes inch up for second consecutive week

Mortgage volumes inch up for second consecutive week

Mortgage volumes inch up for second consecutive week
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Mortgage volumes inch up for second consecutive week
Mortgage volumes inch up for second consecutive week
Mortgage volumes inch up for second consecutive week
Mortgage volumes inch up for second consecutive week
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
A 5% surge in purchase applications drove up overall activity, while average loan amounts also increased across all categories.
A 5% surge in purchase applications drove up overall activity, while average loan amounts also increased across all categories.
Mortgage applications inch up for the first time in five weeks
Mortgage applications inch up for the first time in five weeks
Mortgage applications inch up for the first time in five weeks
Mortgage applications inch up for the first time in five weeks
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage rate made the largest weekly drop since 2020. Applications to refinance a home rose 2%, according to the Mortgage Bankers Association, but the annual drop was still huge, down 82% since last year. Applications to purchase a home increased 1% and were down 16% from one year ago. The slight increases came as mortgage rates dropped 0.31 percentage po...
Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage rate made the largest weekly drop since 2020. Applications to refinance a home rose 2%, according to the Mortgage Bankers Association, but the annual drop was still huge, down 82% since last year. Applications to purchase a home increased 1% and were down 16% from one year ago. The slight increases came as mortgage rates dropped 0.31 percentage po...
Mortgage applications decline for fifth week in a row
Mortgage applications decline for fifth week in a row
Mortgage applications decline for fifth week in a row
Mortgage applications decline for fifth week in a row
In-depth analysis, data and st... In-depth analysis, d... | 2 years ago
Meanwhile, adjustable-rate mortgages saw their largest volume share since 2019.
Meanwhile, adjustable-rate mortgages saw their largest volume share since 2019.
Mortgage rates inch further up with bond sell-offs
Mortgage rates inch further up with bond sell-offs
Mortgage rates inch further up with bond sell-offs
Mortgage rates inch further up with bond sell-offs
In-depth analysis, data and st... In-depth analysis, d... | 2 years ago
Mortgage activity increases for second straight week
Mortgage activity increases for second straight week
Mortgage activity increases for second straight week
Mortgage activity increases for second straight week
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
After mortgage applications had been coming in at their most sluggish pace in years, activity increased for two consecutive weeks. However, that amount is still well below the level from a year ago, the Mortgage Bankers Association said.The MBA’s Market Composite Index, a measure of weekly application volumes based on  surveys of MBA members, rose a seasonally adjusted 4.2% for the period ending June 17. But compared to the same seven-day stretch in 2021, volumes were 53% lower. The upward ...
After mortgage applications had been coming in at their most sluggish pace in years, activity increased for two consecutive weeks. However, that amount is still well below the level from a year ago, the Mortgage Bankers Association said.The MBA’s Market Composite Index, a measure of weekly application volumes based on  surveys of MBA members, rose a seasonally adjusted 4.2% for the period ending June 17. But compared to the same seven-day stretch in 2021, volumes were 53% lower. The upward ...
Mortgage applications dipped 6% continuing 3-week decline
Mortgage applications dipped 6% continuing 3-week decline
Mortgage applications dipped 6% continuing 3-week decline
Mortgage applications dipped 6% continuing 3-week decline
housingwire housingwire | 1 year ago
Weakening economic outlook, high inflation and affordability challenges led to a drop in purchase and refi applications last week, MBA said. The post Mortgage applications dipped 6% continuing 3-week decline appeared first on HousingWire.
Weakening economic outlook, high inflation and affordability challenges led to a drop in purchase and refi applications last week, MBA said. The post Mortgage applications dipped 6% continuing 3-week decline appeared first on HousingWire.
Home Capital's Q2 mortgage volumes up over 40% - Mortgage Rates & Mortgage Broker News in Canada
Home Capital's Q2 mortgage volumes up over 40% - Mortgage Rates & Mortgage Broker News in Canada
Home Capital's Q2 mortgage volumes up over 40% - Mortgage Rates & Mortgage Broker News in Canada
Home Capital's Q2 mortgage volumes up over 40% - Mortgage Rates & Mortgage Broker News in Canada
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Despite rising interest rates, alternative lender Home Capital saw its mortgage originations jump over 40% in Q2 compared to last year. While total loans under administration rose 17% year-over-year to $26.7 billion, the company experienced a 31.7% decrease in net income over the same period. “We have built our business to be resilient in the face of challenging conditions,” said President and CEO Yousry Bissada. “We are better prepared than ever to manage through any market environment a...
Despite rising interest rates, alternative lender Home Capital saw its mortgage originations jump over 40% in Q2 compared to last year. While total loans under administration rose 17% year-over-year to $26.7 billion, the company experienced a 31.7% decrease in net income over the same period. “We have built our business to be resilient in the face of challenging conditions,” said President and CEO Yousry Bissada. “We are better prepared than ever to manage through any market environment a...
Mortgage volumes edge downward as high rates dry up refinances
Mortgage volumes edge downward as high rates dry up refinances
Mortgage volumes edge downward as high rates dry up refinances
Mortgage volumes edge downward as high rates dry up refinances
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
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.
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.
Mortgage volumes drop by over 10% from the week before
Mortgage volumes drop by over 10% from the week before
Mortgage volumes drop by over 10% from the week before
Mortgage volumes drop by over 10% from the week before
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
A sustained downturn in 2022 activity has also led the Mortgage Bankers Association to revise its originations forecast for the year.
A sustained downturn in 2022 activity has also led the Mortgage Bankers Association to revise its originations forecast for the year.
Mortgage activity comes in lower for a second straight week
Mortgage activity comes in lower for a second straight week
Mortgage activity comes in lower for a second straight week
Mortgage activity comes in lower for a second straight week
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Mortgage activity decreased for the second week in a row, with an uptick in refinances offset by a larger drop in new purchase loans, according to the Mortgage Bankers Association.The MBA’s Market Composite Index, a measure of weekly loan activity based on surveys of association members, dropped a seasonally adjusted 1.7% for the seven-day period ending July 8. The data included adjustments for the July 4th holiday. The week’s volume was 59% lower compared to one year ago. The Purchase Ind...
Mortgage activity decreased for the second week in a row, with an uptick in refinances offset by a larger drop in new purchase loans, according to the Mortgage Bankers Association.The MBA’s Market Composite Index, a measure of weekly loan activity based on surveys of association members, dropped a seasonally adjusted 1.7% for the seven-day period ending July 8. The data included adjustments for the July 4th holiday. The week’s volume was 59% lower compared to one year ago. The Purchase Ind...