Mortgage News and Rate Updates
Homebuyer Demand Remains Strong, Despite Rising Mortgage Rates
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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Purchase Loans Increase; Refis Slide as Rates Jump Again
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 Rates, Applications Jump Thanks to Economic Optimism
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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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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