With rates on 30-year fixed-rate loans rising for the fifth consecutive week, it’s no surprise that refi demand was down for the fourth straight week. …
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Average purchase loan request hits record $418,500, and falling demand for FHA and VA mortgages suggests first-time buyers are being priced out. Source: Inman News
Demand for purchase loans remains steady, but rising rates are closing the door on refinancing opportunities, according to the Mortgage Bankers Association’s Weekly Mortgage Applications…
Demand for purchase loans fell to a seasonally adjusted 4 percent from two weeks ago and 12 percent from a year ago, according to the…
Applications to refinance fell 41 percent from a year ago as rates increased for the third week in a row, according to The Mortgage Bankers…
Most of the decline in mortgage rates came later in the week, too late to prevent demand for refinancing from dropping to the lowest level…
With the Federal Reserve expected to begin tapering its purchases of mortgage-backed securities as soon as November, market forces are pushing mortgage rates higher. Source:…
With low for-sale inventory keeping home price appreciation in many markets at record highs, the jump in FHA purchase applications is potentially a sign that…
With rates on 15-year mortgages hitting a record low, requests to refinance accounted for two-thirds of mortgage applications. Source: Inman News