Mortgage Rates Rise: Refi Demand Plummets

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.

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.

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.

Mortgage refinance demand drops 62% year-over-year as rates rise

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

CNBC's Diana Olick joins 'Squawk Box' to break down the latest mortgage rate and application 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 refinancing drops to a 22-year low as interest rates rise

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

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

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,...

Mortgage refinancing drops to a 22-year low as interest rates surge even higher

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

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 drops to a 25-year low, as interest rates climb

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

Mortgage demand, which has suffered four straight months of declines, fell last week to the lowest level since 1997, as interest rates continued to rise. Homebuyers' demand for mortgages dropped 4% for the week and was 38% lower than the same week one year ago, according to the Mortgage Bankers Association. Applications to refinance a home loan fell 7% compared with the previous week, in seasonally adjusted terms. Demand was 86% lower than the same week one year ago. The number of borrowers who ...