Homebuyer affordability worsened in January for the first time in seven months, despite mortgage rates hitting a three-year low. Processing Content The national median payment applied for by purchase applicants rose from $2,025 in December to $2,070 last month, according to the Mortgage Bankers Association’s Purchase Applications Payment Index. That’s on par with levels recorded […]
Homebuyer affordability dips after seven-month run Read More »
Mortgage applications increased 0.4% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Feb. 20. On an unadjusted basis, the index increased 2% compared with the previous week. The seasonally adjusted purchase index decreased 5% from one week earlier. The unadjusted purchase index
Mortgage applications rise slightly as rates move closer to 6% Read More »
Mortgage applications rose 2.8% last week as lower borrowing costs spurred a pickup in refinancing activity, according to the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Feb. 13. On an unadjusted basis, the index rose 5% compared with the previous week. Refinance applications led the gain, climbing 7% from the
Mortgage demand rises 2.8%, fueled by 7% leap for refis Read More »
US mortgage rates climbed for the first time in four weeks, halting an early-year upswing in home purchase and refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 8 basis points to 6.24% in the week ended Jan. 23, according to Mortgage Bankers Association data released Wednesday. In the previous week, home-financing
Mortgage rates increase for first time in four weeks Read More »
US mortgage applications for home purchases climbed last week to the highest since January 2023, suggesting a further easing in financing costs is contributing to a thaw in the housing market. Processing Content The Mortgage Bankers Association’s index of home-purchase applications rose 5.1% in the week ended Jan. 16, data from the group showed Wednesday.
Home-purchase applications climb to highest since 2023 Read More »
New-home sales dropped in December compared with previous months, but remained above 2024 levels, according to new industry data. Processing Content Mortgage applications for new-home purchases decreased 15.2% on a seasonally-adjusted basis and 3% unadjusted from November to December, the Mortgage Bankers Association Builder Application Survey found. Compared with last December, applications increased 2.5%. “December
New-home sales slip in December despite annual gains Read More »
US mortgage rates slid last week to one of the lowest levels in years, sparking a flurry of purchase and refinancing activity that offers hope for a plodding housing market. Processing Content The contract rate on a 30-year mortgage dropped 7 basis points to 6.18% in the week ended Jan. 9, according to Mortgage Bankers
Mortgage rates slide to one of lowest levels since 2022 Read More »
US mortgage rates fell last week to the lowest level since September 2024, a hopeful sign for the sluggish housing market to start the new year. Processing Content The contract rate on a 30-year mortgage dropped 7 basis points to 6.25% in the week ended Jan. 2, which included New Year’s Day, according to Mortgage
US mortgage rates fall to 6.25%, lowest since September 2024 Read More »
Mortgage applications decreased 5.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending Dec. 19, 2025. On an unadjusted basis, the index decreased 6% compared with the previous week. The refinance index decreased 6% from the previous week and was 110% higher than
Mortgage applications fall 5% despite rate decline Read More »
Homes in Centreville, Maryland.Nathan Howard/Bloomberg Home loan applications fell in consecutive weeks for the first time in two months, according to the Mortgage Bankers Association. Processing Content The MBA’s Market Composite Index, a measure of mortgage loan application volume, dropped 5% on a seasonally-adjusted basis from one week prior for the period ending Dec. 19.
Mortgage applications decline for second consecutive week Read More »