Purchase demand lifts mortgage applications
Mortgage applications rose 0.4% on a seasonally adjusted basis from one week prior for the period ending June 26, according to the MBA's Market Composite Index.
Mortgage applications
Fannie Mae ups mortgage originations outlook
Fannie Mae sees growth in refinance activity pushing volumes upward, but flattening purchases will temper lender momentum, according to its December report.
Mortgage applications’ meager gains contrast previous spike
Mortgage applications increased 0.6% last week after jumping 29.7% the week prior, according to the Mortgage Bankers Association.
New-home mortgage applications slow after two-month surge
New-home loan activity rose 1% in August year over year, but applications fell 6% from July.
Mortgage application activity decreases despite lower rates
A pickup in refinances was offset by the first pullback in purchases in four weeks in the run-up to Labor Day, according to the Mortgage Bankers Association.
Refi applications soar as homeowners seize on lower rates
Refinance apps made up more than 40% of all mortgage applications last week, driving an uptick as consumers seek out cheaper mortgage payments.
By
Jarrod Barry
Bond traders look to Fed officials for clues on rate cut timing
Bond investors are on alert for hints on when the Federal Reserve will deliver the two 2025 interest-rate cuts officials projected at their latest policy meeting.
Mortgage applications rise 1.1% as rates stabilize
The average 30-year fixed-rate mortgage rose slightly to 6.86% last week, as economic volatility calmed following the Federal Reserve's recent inaction.
Mortgage lenders see inventory, buyer interest returning
Government-backed lending drove an increase in purchase mortgages for a second straight week, even as interest rates failed to drive refinance activity.
Mortgage market rebounds as rates drop to 5-month low
Refinance activity was up 16% from the end of February while purchase applications rose mildly, on the strength of fading rates amid larger economic woes.
Refinances see mini hot streak thanks to lower rates
The latest refinance surge helped lift total application activity up for a second straight week, even as purchases fell, the Mortgage Bankers Association said.
CFPB’s Chopra: AI can be the key to fairer credit scoring
Consumer Financial Protection Bureau Director Rohit Chopra said the FICO credit-scoring model has drawbacks in price, predictiveness and market competition, and stakeholders should develop a more open-sourced model that uses artificial intelligence.
Housing payments just hit a 2024 low
Affordability improved for a fourth straight month, but questions remain about whether recent trends will bring a significant number of buyers into the housing market.
How applications moved during the Fed’s rate cut
Purchase activity trudged along during what lenders describe as a traditional end-of-summer slump.
Homebuilders see a changing customer profile emerge
While the lock-in effect on existing supply has helped drive consumer interest in new construction, first-time buyers have been taking a greater share of that inventory.
Refis stall on tepid interest rate declines
Steady purchase demand still led to a positive August according to the Mortgage Bankers Association.
Mortgage activity flattens as buyers take wait-and-see approach
Purchases managed a small rise, but refinance activity held steady, according to the Mortgage Bankers Association.
Mortgage volume flattens despite elevated purchase lending
Declining refinance activity offset the growth in government-backed purchases, the Mortgage Bankers Association said.
Mortgage application activity rebounds with 16% surge
Homeowners responded to moderating interest rates and brought in significantly more refinance volume, with Department of Veterans Affairs numbers more than doubling from the prior week.
Mortgage fraud risk grows 3%
Companies are seeing evidence of income falsification, which previous research shows is the most common type of fraud or defect risk.
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