Financial Advisors News and Expert Tips

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…

The mortgage market is seeing its fair share of ups and downs this spring. According to the most recent Weekly Mortgage Applications Survey from the Mortgage Bankers Association, overall mortgage activity is down this week — but only by 0.3%.…

Mortgage activity bounced back slightly, increasing 7.3% over the last week, according to the Mortgage Bankers Association’s weekly survey. The week prior, total mortgage applications had decreased by 17.9%. The bump is driven by increasing refinancing activity, which saw a…

Mortgage activity slowed this week, as the COVID-19 outbreak worsened across the country. According to the weekly applications survey from the Mortgage Bankers Association, purchase activity was down 12% for the week and 33% for the year, while refinance applications…

The economy might be on uncertain ground right now, but the mortgage market is still going strong. According to the latest Mortgage Applications Survey from the Mortgage Bankers Association, overall mortgage applications were up 15.3% for the last week. The bump…

The coronavirus outbreak worsened this week, and its impact on mortgage activity was apparent.  According to the most recent Weekly Mortgage Applications Survey from the Mortgage Bankers Association, total mortgage applications decreased 29% over the week. Purchase applications were down…

Despite the record-lows that mortgage rates hit earlier this month, overall market volatility has caused them to spike once again. Rates on 30-year mortgages jumped to 3.74% this week, up from 3.47% the week prior. Rates are still low, historically…