The largest weekly decline in mortgage rates since 2020 sparks increase in home loan applications after four weeks of declining demand, MBA’s survey says. Source:…
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Decline in purchase applications aligns with slower homebuilding activity due to reduced buyer traffic and ongoing building material shortages, according to the Mortgage Bankers Association. …
Purchase loan applications continue to be weaker “due to the combination of much higher mortgage rates and the worsening economic outlook,” said MBA forecaster Joel…
Fears of impending recession and a slew of prominent layoff announcements put only a moderate damper on real estate hiring last month, according to the…
Although fears of a recession are bringing mortgage rates down, would-be homebuyers aren’t rushing to apply for loans, according to a weekly survey of lenders. …
Purchase mortgage applications are still down 10 percent from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a…
Homebuyer demand for purchase loans picked up before a bond market sell-off sent mortgage rates soaring past 6 percent, according to the MBA’s Weekly Mortgage…
As Fed embarks on “quantitative tightening,” interest rates could come under renewed pressure. Source: Inman News
Experts expect home sales and price growth to slow down, but they don’t think rising rates will knock everyone out of the market. Source: Inman…
As mortgage rates continued to retreat from 2022 highs set during the first week in May, demand for purchase loans was essentially flat last week. …