March New Home Mortgage Applications Down 5%
March New Home Mortgage Applications Down 5%
Regardless of new or existing, data shows loan averages hitting record peaks
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Regardless of new or existing, data shows loan averages hitting record peaks
Regardless of new or existing, data shows loan averages hitting record peaks
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
Mortgage delinquency rates fell below the 3% mark in March, driven by a strong labor market and income growth.
The post Mortgage delinquency rates trended down in March appeared first on HousingWire.
Mortgage delinquency rates fell below the 3% mark in March, driven by a strong labor market and income growth.
The post Mortgage delinquency rates trended down in March appeared first on HousingWire.
The U.S. Government is reporting that sales of new single-family houses in March, 2022 were at a seasonally adjusted annual rate of 763k, which is 8.6% lower than Februaryโs revised rate and is 12.6% lower than one year ago.ย The median sales price of new houses sold in September was $436,700 with an average sales [...]
The post New Single-Family Home Sales Down 8.6% in March appeared first on Real Estate Investing Today.
The U.S. Government is reporting that sales of new single-family houses in March, 2022 were at a seasonally adjusted annual rate of 763k, which is 8.6% lower than Februaryโs revised rate and is 12.6% lower than one year ago.ย The median sales price of new houses sold in September was $436,700 with an average sales [...]
The post New Single-Family Home Sales Down 8.6% in March appeared first on Real Estate Investing Today.
Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark.ย
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.ย
The post Mortgage applications continue fall amid 5% rate 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.
Margin loans, medium-term rentals, and potential mortgage rate mistakes summarize what Carl and Mindy have been up to over the past couple of months. Itโs been a minute since weโve [โฆ]
Margin loans, medium-term rentals, and potential mortgage rate mistakes summarize what Carl and Mindy have been up to over the past couple of months. Itโs been a minute since weโve [โฆ]
Home sales in Canada fell in March, while the pace of price growth eased, potentially signalling the start of a slowdown as interest rates trends higher.
Home sales in Canada fell in March, while the pace of price growth eased, potentially signalling the start of a slowdown as interest rates trends higher.
Demand for mortgage loans increased for the first time in six weeks, ahead of the Federal Reserveโs meeting on Wednesday. Still, it was down significantly from this time last year.
The post Mortgage applications rise ahead of Fedโs meeting appeared first on HousingWire.
Demand for mortgage loans increased for the first time in six weeks, ahead of the Federal Reserveโs meeting on Wednesday. Still, it was down significantly from this time last year.
The post Mortgage applications rise ahead of Fedโs meeting appeared first on HousingWire.
New home purchase applications dropped 12% in June due to higher mortgage rates and economic uncertainty.
The post Higher mortgage rates, economic uncertainty behind declining home purchase applications appeared first on HousingWire.
New home purchase applications dropped 12% in June due to higher mortgage rates and economic uncertainty.
The post Higher mortgage rates, economic uncertainty behind declining home purchase applications appeared first on HousingWire.