High home prices are expected to drive a record $1.72 trillion in purchase mortgage originations in 2022, even though rising mortgage rates could put a…
Posts published in “mortgage bankers association”
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…
Despite rising rates, purchase mortgages applications were up 1 percent during the week ending March 25, according to a weekly survey by the Mortgage Bankers…
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
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. …
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