Mortgage News and Rate Updates
Rates Rise for Third Week in a Row, Sending Applications Downward
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 Activity Slides as Interest Rates Rise Again
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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Mortgage Rates Slide, Applications Jump
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 Applications Fall as Interest Rates Tick Up
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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Mortgage Apps Surge After Holiday Slump
The holiday slump is definitely over. According to the latest survey from the Mortgage Bankers Association, mortgage activity jumped nearly 17% last week. Total applications were up 16.7% for the week ending January 8, with refinances jumping a whopping 20%.…
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Buying or Refinancing in 2021? Use These Tips to Keep Your Credit Score Healthy
If you’re considering buying a home or refinancing your mortgage in the new year, then the desire to keep your credit score healthy should be top of mind. Not only will your credit play a prime role in your ability…
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Mortgage Activity Sees Holiday Slump
Applications to both purchase a home and refinance one dropped over the holidays. According to the latest survey from the Mortgage Bankers Association, overall mortgage activity fell 4.2% in the last two weeks, despite mortgage rates hovering right around all-time…
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Mortgage Rates Hit New Low, Refis Surge
We may be nearing the holidays, but the housing market isn’t slowing down. Mortgage activity increased 1.1% this week, with both refinance and purchase applications rising. Refinances are currently 105% higher than one year ago, while purchase loan applications are…
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Refis Fall, While Purchase Loans Surge Over Thanksgiving Holiday
Mortgage applications dropped this week, though only slightly. According to the Mortgage Bankers Association, refinance applications dipped 5% for the week, while purchase activity rose 9%. Both remain higher than last year’s numbers (by 102% and 28%, respectively). Here’s what…
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Rates Hit New Low as Refis Jump Once Again
Mortgage rates hit another record low this week, and it sent refinances surging. According to the latest report from the Mortgage Bankers Association, refinance applications jumped 5% and are now 79% higher than a year ago. Purchase loan applications were…
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