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Mortgage applications

Wage growth softens the sting of rising mortgage payments

Housing affordability, Housing markets, Mortgage applications, Mortgage Bankers Association, Originations /

Surging interest rates pushed housing affordability lower for the second straight month in April, but rising wages helped blunt the blow for mortgage borrowers, according to the Mortgage Bankers Association.  Processing Content The median monthly payment on April’s purchase mortgage applications increased to $2,152 from $2,131 the previous month, with the latest number hitting its […]

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Homebuyer affordability slips in April as median mortgage payment rises to $2,152

Affordability, Homebuyers, HWmember, Mortgage, Mortgage applications, Mortgage Bankers Association, Origination /

Homebuyer affordability declined in April as the national median payment applied for by purchase mortgage applicants rose to $2,152, up from $2,131 in March, according to the Mortgage Bankers Association (MBA)’s Purchase Applications Payment Index (PAPI) released Thursday. The national PAPI rose 0.3% to a reading of 156.0 in April, up from 155.5 in March,

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Mortgage rates climb to highest level since August

Mortgage applications, Mortgage Rates /

US mortgage rates increased last week to the highest since August, restraining home-purchase activity and prompting a sharp pullback in refinancing. Processing Content The contract rate on a 30-year mortgage rose 9 basis points to 6.65% in the week ended May 22, according to Mortgage Bankers Association data released Wednesday. Since the start of the

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Mortgage rates rose last week to an almost two-month high

Mortgage applications, Mortgage Rates /

US mortgage rates increased last week to an almost two-month high, weighing on home purchase activity.  Processing Content The contract rate on a 30-year mortgage rose 10 basis points to 6.56% in the week ended May 15, according to Mortgage Bankers Association data released Wednesday, just shy of the 6.57% reading at the end of

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Buyers shrug off rates, push mortgage apps higher

Housing markets, Mortgage applications, Mortgage Rates, Originations /

Mortgage activity increased last week, despite rates jumping to their highest point in nearly a month. Processing Content The Mortgage Bankers Association’s Market Composite Index found mortgage applications rose 1.7% on a seasonally-adjusted basis from one week prior for the period ending May 8. The index climbed 2% on an unadjusted basis. This comes after

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MeridianLink expands AI offerings as volume, customer growth accelerate

Artificial Intelligence, HWmember, MeridianLink, Mortgage, Mortgage applications, Technology /

MeridianLink, a provider of digital lending and data-driven decisioning solutions, announced on Tuesday that it is expanding its platform with new artificial intelligence capabilities and continued growth in its mortgage business. The company launched MeridianLink Intelligence, an embedded AI offering within its MeridianLink One platform. The system, nicknamed “Millie,” deploys role-based AI agents designed to

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Rising rates pushed mortgage payments higher in March

Housing markets, Mortgage applications, Originations /

Home affordability levels reversed course in March, with new monthly mortgage payments heading higher in tandem with interest rates and purchase amounts. Processing Content The median payment on new purchase-loan applications during the month accelerated 3.4% to $2,131 from $2,061 in February, according to the Mortgage Bankers Association affordability index. The latest number came in

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Mortgage rates jump further to five-month high of 6.43%

Mortgage applications, Mortgage Rates /

US mortgage rates climbed for a third straight week, pushing home-financing costs to the highest since October and dealing a blow to both purchasing and refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 13 basis points to 6.43% in the week ended March 20, according to Mortgage Bankers Association data released

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Mortgage rates hit highest this year, slowing refinancing

Mortgage applications, Mortgage Rates, Originations /

US mortgage rates jumped last week to the highest level of the year, leading to a sharp pullback in refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 11 basis points to 6.30% in the week ended March 13 following a similar advance at the week before, according to Mortgage Bankers Association

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Mortgage rates climb to 6.19% in biggest gain since September

Mortgage applications, Mortgage Rates /

US mortgage rates increased last week by the most since September, a setback for a housing market that had been enjoying easing financing costs this year. Processing Content The contract rate on a 30-year mortgage rose 10 basis points to 6.19% in the week ended March 6, according to Mortgage Bankers Association data released Wednesday.

Mortgage rates climb to 6.19% in biggest gain since September Read More »