Applications for new homes dropped 14% in April
Applications for new homes dropped 14% in April
The MBA estimates that about 701,000 new homes were sold in April at a seasonally adjusted annual rate, marking a decline for five consecutive months.
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The MBA estimates that about 701,000 new homes were sold in April at a seasonally adjusted annual rate, marking a decline for five consecutive months.
The post Applications for new homes dropped 14% in April appeared first on HousingWire.
The MBA estimates that about 701,000 new homes were sold in April at a seasonally adjusted annual rate, marking a decline for five consecutive months.
The post Applications for new homes dropped 14% in April appeared first on HousingWire.
Regardless of new or existing, data shows loan averages hitting record peaks
Regardless of new or existing, data shows loan averages hitting record peaks
In a rising interest rate environment, the numbers that you see can be intimidating. Especially if youโre used to record-low rates. Getting a fixed-rate mortgage in a high-rate environment can be intimidating. Once you close on your loan, you are locked into that interest rate unless you refinance. Another alternative โ one that many homeowners and home buyers havenโt thought of in a while โ is an adjustable-rate mortgage (ARM).
In a rising interest rate environment, the numbers that you see can be intimidating. Especially if youโre used to record-low rates. Getting a fixed-rate mortgage in a high-rate environment can be intimidating. Once you close on your loan, you are locked into that interest rate unless you refinance. Another alternative โ one that many homeowners and home buyers havenโt thought of in a while โ is an adjustable-rate mortgage (ARM).
Todayโs mortgage and refinance ratesย Average mortgage rates fell again yesterday. That made two consecutive days of appreciable falls. And those made a worthwhile difference to those rates. So far [โฆ]
Todayโs mortgage and refinance ratesย Average mortgage rates fell again yesterday. That made two consecutive days of appreciable falls. And those made a worthwhile difference to those rates. So far [โฆ]
Meanwhile, adjustable-rate mortgages saw their largest volume share since 2019.
Meanwhile, adjustable-rate mortgages saw their largest volume share since 2019.
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...
DFW new home sales jumped last month and so did new home prices. The one less-than-rosy data point for builders was pending new home sales, which fell statewide and in North Texas โ potentially signaling a slowdown ahead.
DFW new home sales jumped last month and so did new home prices. The one less-than-rosy data point for builders was pending new home sales, which fell statewide and in North Texas โ potentially signaling a slowdown ahead.
Mortgage applications are down again even though interest rates also dropped for the second straight week, according to the Mortgage Bankers Associationโs weekly report. According to the Weekly Applications Survey, applications fell 1.2% from a week earlier. On an unadjusted basis, the Index decreased 2% compared with the previous week.ย Theย Refinance Index Rate also decreased by 4% from the previous week and was 75% lower than the same week one year ago.ย
Mortgage applications are down again even though interest rates also dropped for the second straight week, according to the Mortgage Bankers Associationโs weekly report. According to the Weekly Applications Survey, applications fell 1.2% from a week earlier. On an unadjusted basis, the Index decreased 2% compared with the previous week.ย Theย Refinance Index Rate also decreased by 4% from the previous week and was 75% lower than the same week one year ago.ย