Mortgage applications plunge as interest rates surge
Mortgage applications plunge as interest rates surge
CNBC's Diana Olick joins 'Squawk Box' to break down how rising mortgage interest rates are impacting mortgage applications, particularly refinancing demand.
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CNBC's Diana Olick joins 'Squawk Box' to break down how rising mortgage interest rates are impacting mortgage applications, particularly refinancing demand.
CNBC's Diana Olick joins 'Squawk Box' to break down how rising mortgage interest rates are impacting mortgage applications, particularly refinancing demand.
The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Total mortgage application volume fell 14.2% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index, to the lowest level since 1997. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increa...
The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Total mortgage application volume fell 14.2% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index, to the lowest level since 1997. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increa...
With rates at the highest level in a decade, mortgage applications for the week ending April 15 fell 5%, according to the MBA.
The post Mortgage applications nosedive as rates continue to soar appeared first on HousingWire.
With rates at the highest level in a decade, mortgage applications for the week ending April 15 fell 5%, according to the MBA.
The post Mortgage applications nosedive as rates continue to soar appeared first on HousingWire.
CNBC's Diana Olick joins 'Squawk Box' to break down the latest weekly mortgage application data.
CNBC's Diana Olick joins 'Squawk Box' to break down the latest weekly mortgage application data.
Mortgage application volume dropped and remained at a multi-decade low last week after rates rose sharply.
The post Mortgage apps decline 3.7% as rates surge appeared first on HousingWire.
Mortgage application volume dropped and remained at a multi-decade low last week after rates rose sharply.
The post Mortgage apps decline 3.7% as rates surge appeared first on HousingWire.
U.S. mortgage applications slid for a sixth straight week as mortgage rates climbed to a 12-year high, weighing on both home purchases and refinancing.
U.S. mortgage applications slid for a sixth straight week as mortgage rates climbed to a 12-year high, weighing on both home purchases and refinancing.
Home affordability is more challenging today for prospective home buyers than it was a year ago. ATTOM, a property information and analytics provider, today released its first-quarter 2022 U.S. home affordability report, showing that median-priced single-family homes were less affordable in the first quarter compared to historical averages in 79% of counties across the nation with enough data to analyze. That data was up from just 38% of counties that were historically less affordable in the fi...
Home affordability is more challenging today for prospective home buyers than it was a year ago. ATTOM, a property information and analytics provider, today released its first-quarter 2022 U.S. home affordability report, showing that median-priced single-family homes were less affordable in the first quarter compared to historical averages in 79% of counties across the nation with enough data to analyze. That data was up from just 38% of counties that were historically less affordable in the fi...
Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, caused mortgage application volume to drop 3.7% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. After a strange rebound the week before, applications to refinance a home loan declined 11% for the week and were 84% lower than the sam...
Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, caused mortgage application volume to drop 3.7% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. After a strange rebound the week before, applications to refinance a home loan declined 11% for the week and were 84% lower than the sam...
Mortgage demand appears to have nowhere to go but down, as interest rates go up. Application volume dropped 1.2% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The week's results include an adjustment for the observance of Labor Day. Since last year, homebuyers' demand for mortgages has fallen by nearly a third. Mortgage rates, which had been easing slightly through July and August, pushed higher yet again, after Federal...
Mortgage demand appears to have nowhere to go but down, as interest rates go up. Application volume dropped 1.2% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The week's results include an adjustment for the observance of Labor Day. Since last year, homebuyers' demand for mortgages has fallen by nearly a third. Mortgage rates, which had been easing slightly through July and August, pushed higher yet again, after Federal...
“Recent stock market volatility” catches some of the blame.
“Recent stock market volatility” catches some of the blame.