Mortgage applications fall amid low inventory, rising rates
Mortgage applications fall amid low inventory, rising rates
According to the MBA, refi applications fell 10% from the prior week and 62% from a year ago. Meanwhile, the seasonally adjusted purchase index decreased 3.4% from the prior week and was down 9% year-over-year.
The post Mortgage applications fall amid low inventory, rising rates appeared first on HousingWire.
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According to the MBA, refi applications fell 10% from the prior week and 62% from a year ago. Meanwhile, the seasonally adjusted purchase index decreased 3.4% from the prior week and was down 9% year-over-year.
The post Mortgage applications fall amid low inventory, rising rates appeared first on HousingWire.
According to the MBA, refi applications fell 10% from the prior week and 62% from a year ago. Meanwhile, the seasonally adjusted purchase index decreased 3.4% from the prior week and was down 9% year-over-year.
The post Mortgage applications fall amid low inventory, rising rates appeared first on HousingWire.
Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark.
The post Mortgage applications continue fall amid 5% rate appeared first on HousingWire.
Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark.
The post Mortgage applications continue fall amid 5% rate appeared first on HousingWire.
Current volatility has contributed to slowdowns across the industry, with further reduced originations now predicted for the year.
Current volatility has contributed to slowdowns across the industry, with further reduced originations now predicted for the year.
The Bank of Canada’s historic 100-bps rate hike last week has led to confusion over how the stress test should be applied to variable rate mortgage (VRM) applications already in lender pipelines. Specifically, the question arose as to how mortgage applications that were approved by lenders and submitted to default mortgage insurers prior to last week’s Bank of Canada rate increase—and subsequent prime rate increase—should be handled. On Tuesday, Canada’s three mortgage insurers—Sag...
The Bank of Canada’s historic 100-bps rate hike last week has led to confusion over how the stress test should be applied to variable rate mortgage (VRM) applications already in lender pipelines. Specifically, the question arose as to how mortgage applications that were approved by lenders and submitted to default mortgage insurers prior to last week’s Bank of Canada rate increase—and subsequent prime rate increase—should be handled. On Tuesday, Canada’s three mortgage insurers—Sag...
CNBC's Diana Olick joins 'Squawk Box' to break down the latest data from the Mortgage Bankers Association.
CNBC's Diana Olick joins 'Squawk Box' to break down the latest data from the Mortgage Bankers Association.
Pending home sales dropped 1.2% in March, according to the monthly index released by the National Association of Realtors.
The post ‘The Spring Housing Market Is Off to an Unpredictable Start’: Pending Home Sales Fall Amid Rising Mortgage Rates appeared first on Real Estate News & Insights | realtor.com®.
Pending home sales dropped 1.2% in March, according to the monthly index released by the National Association of Realtors.
The post ‘The Spring Housing Market Is Off to an Unpredictable Start’: Pending Home Sales Fall Amid Rising Mortgage Rates appeared first on Real Estate News & Insights | realtor.com®.
Refinance demand for mortgages dropped 15% in just one week, according to the Mortgage Bankers Association. CNBC's Diana Olick joins 'Squawk Box' to break down the latest data.
Refinance demand for mortgages dropped 15% in just one week, according to the Mortgage Bankers Association. CNBC's Diana Olick joins 'Squawk Box' to break down the latest data.
With the 30-year fixed-rate hovering above the 6% level again, there’s no sign of a rebound in mortgage applications yet, despite a robust job market and growing housing inventory.
The post Mortgage demand continues to fall amid pressure on rates appeared first on HousingWire.
With the 30-year fixed-rate hovering above the 6% level again, there’s no sign of a rebound in mortgage applications yet, despite a robust job market and growing housing inventory.
The post Mortgage demand continues to fall amid pressure on rates appeared first on HousingWire.
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.
“Recent stock market volatility” catches some of the blame.
“Recent stock market volatility” catches some of the blame.