Financial Advisors
Rates Hit Another Low, But Mortgage Applications Drop
Despite mortgage rates reaching yet another all-time low last week, demand for mortgage loans is waning. According to the most recent survey from the Mortgage Bankers Association, overall mortgage applications decreased 0.5% for the week. It’s the sixth time in…
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Procrastinating at Work? 5 Tips for Ditching Overwhelm and Getting Back to Work
You’re a great employee. All performance evaluations come back with high marks, and you know that your supervisor appreciates your efforts. But, as good of an employee as you are, you find yourself stuck in a vicious cycle that most…
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Thanks to Declining Mortgage Rates, Refis Surge
Refinancing activity once again surged, with applications jumping 8% over last week. They’re now 50% higher than this time a year ago and at their highest level since mid-August, according to the Mortgage Bankers Association’s weekly survey. Refis accounted for…
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Mortgage Applications Drop as Rates Hit Survey Low
Mortgage activity ticked down this week, with total applications dropping 4.8%, according to the Mortgage Bankers Association. Purchase loan activity was actually up 2% for the week, but refinances dipped 7%. They’re still 52% higher than one year ago. The…
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Purchases, Refis Jump as Rates Dip Again
Mortgage activity jumped over Labor Day weekend, with refinances rising 3% over the week, and purchase loans up a slight 0.2%. Both are still up considerably over the year. According to Joel Kan, the uptick was due to dropping mortgage…
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Mortgage Activity Jumps as Rates Hit Another Low
Mortgage activity is surging once again, with overall applications up 6.8% from last week. According to the latest data from the Mortgage Bankers Association, purchases were up 2% over the week, while refinances jumped 9% — marking their 12th-straight weekly…
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Rates Continue to Slip Amid Fears of a Coronavirus Resurgence
Overall, mortgage activity increased by 2.2% this week, though the data does include an adjustment for the Fourth of July holiday. Purchase applications increased 5% from this time last week while refinance applications increased 0.4%. Both metrics were also an…
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Mortgage Activity Jumps, as Rates Hold Steady at Record Lows
Both home buying and refinancing demand jumped last week. According to the latest data from the Mortgage Bankers Association, total mortgage applications rose 9.3% over the week, with refis increasing 11% and purchase applications jumping 5%. It was the eighth…
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Mortgage Activity Drops Thanks to Waning Refis
Overall mortgage activity was down this week, thanks wholly to a steep drop in refinances. According to the latest data from the Mortgage Bankers Association, refinance applications were down 9% over last week. Purchase loan activity, on the other hand,…
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Purchase Loan Activity Rebounds as Mortgage Rates Drop
Mortgage activity slowed slightly this week, but not in the way you’d expect. Unlike in past weeks, it wasn’t purchase applications that declined this time. Instead, refinance activity dropped, decreasing 7% over the week. To be fair, refinancing is still…
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