Mortgage News and Rate Updates

Mortgage Weekly Update

Rates Fall Across the Board, but Application Volume Continues to Dip

By Tara Mastroeni / July 8, 2021
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Mortgage rates fell once again this week, dropping to just 2.90% on 30-year, fixed-rate loans. Yet, despite the drop in rates, mortgage activity continued to decline overall. In particular, both purchase and refinance saw a decline over the last week.…

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Mortgage Weekly Update

Purchase Activity Falls, While Mortgage Rates and Refis See Uptick

By Aly Yale / May 21, 2021
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For the second week in a row, overall mortgage activity increased, this time rising 1.2% over the week. Unfortunately, purchase loans decreased 4%, likely due to low inventory and rising home prices. “There continues to be strong demand for buying…

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Mortgage Weekly Update

Homebuyer Demand Remains Strong, Despite Rising Mortgage Rates

By Aly Yale / March 26, 2021
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Mortgage rates rose yet again, dampening refinance demand significantly.  According to the latest data from the Mortgage Bankers Association, the average rate on a 30-year, fixed-rate loan now clocks in at 3.36% — up 0.50 since the start of 2021.…

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Mortgage Weekly Update

Purchase Loans Increase; Refis Slide as Rates Jump Again

By Aly Yale / March 11, 2021
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Once again, mortgage rates are up, and overall activity is down. According to the Mortgage Bankers Association, mortgage applications were down 1.3% this week.  Refinancing activity dipped 5% and is now 43% lower than it was a year ago. The…

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Mortgage Weekly Update

Mortgage Rates, Applications Jump Thanks to Economic Optimism

By Aly Yale / March 5, 2021
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Mortgage applications recovered slightly from last week, inching up 0.5% compared to the week prior, according to the Mortgage Bankers Association. Purchase loans increased by 2%, while refinance loans rose just 0.1%. The news is a little surprising given the…

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Mortgage Weekly Update

Rates Rise for Third Week in a Row, Sending Applications Downward

By Aly Yale / February 26, 2021
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Mortgage activity fell for the third week in a row, as interest rates rose once again. According to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association, loan application volume fell by 11.4% over the last week.  Purchase…

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Mortgage Weekly Update

Mortgage Activity Slides as Interest Rates Rise Again

By Aly Yale / February 19, 2021
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Mortgage activity dipped this week as interest rates once again jumped. According to the latest data from the Mortgage Bankers Association, overall mortgage applications dropped 5.1% — up from last week’s decrease of 4.1%. Purchase loans fell the most, dipping…

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Getting married and already own a home

What to Know If You Get Married—And Already Own a House

By Aly Yale / February 14, 2021
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It’s one thing if you get married and then buy a home. But what happens if you do the opposite, and buy a home before tying the knot? Do you need to put your new wife or husband on the…

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Mortgage Weekly Update

Mortgage Rates Slide, Applications Jump

By Aly Yale / February 5, 2021
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Mortgage activity ended its recent slump last week. According to the latest data from the Mortgage Bankers Association, applications were up 8% over the week prior.  The bump comes after two weeks of declining loan activity and was largely due…

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Mortgage Weekly Update

Mortgage Applications Fall as Interest Rates Tick Up

By Aly Yale / January 22, 2021
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Mortgage applications were down last week, dropping about 2% from the week prior, according to the latest survey from the Mortgage Bankers Association (MBA). The overall drop came from a decline in refinance applications, which fell 5% for the week.…

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