Posts Tagged ‘Mortage applications’
Mortgage applications inch up for the first time in five weeks
Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage rate made the largest weekly drop since 2020. Applications to refinance a home rose 2%, according to the Mortgage Bankers Association, but the annual drop was still huge, down 82% since…
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Mortgage Application Payments Hold Steady in June, Despite Higher Rates
According to the Mortgage Bankers Association’s Purchase Applications Payment Index, U.S. homebuyer affordability was mostly unchanged in June 2022, with the national median payment applied for by applicants down slightly to $1,893 from $1,897 in May 2022. “Median mortgage applications payments have held steady during the last two months but remain much higher than earlier…
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Mortgage Applications Slightly Uptick in Late June
According to the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey for the week ending June 24, 2022, U.S. mortgage applications increased 0.7 percent from one week earlier. This week’s results include an adjustment for the observance of the Juneteenth holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 0.7 percent on a…
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