Economic uncertainty and stock market volatility may have helped drive 12 percent decline in purchase mortgage applications. Source: Inman News
Posts published in “Joel Kan”
The nation’s gross domestic product shrank in the first three months of 2022, overshadowing a strong period for residential investment. Source: Inman News
ARM loans accounted for 17 percent of mortgage applications by dollar volume, with the average borrower seeking a $728,900 loan. Source: Inman News
After hovering near 3 percent for nearly two years, mortgage rates have rebounded faster than expected. But amid uncertainty, economists are divided on whether 5…
Markets pricing in only 1.7 percent chance of a 50-basis Fed rate hike on March 16, down from 41.4 percent before Russian invasion. Source: Inman…
As rates keep rising, requests to refinance accounted for just half of mortgage applications, down from 68 percent a year ago. Source: Inman News
As rates breach 4 percent for the first time since 2019, requests to refinance are down more than 50 percent from a year ago. Source:…
With inventory remaining tight for entry-level buyers, the average loan request hit another record high of $446,000. Source: Inman News
Requests to refinance existing mortgages were up 18 percent week over week but down 50 percent from a year ago. Source: Inman News