Applications Rise, But Not For The Long Haul

Applications Rise, But Not For The Long Haul

ByTMN Editor Reading Time: 2 minutes

Mortgage applications spiked after a few tough weeks on lower mortgage rates, though the bump didn’t last long. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — jumped by 15.6%, reversing last week’s 5.2% dip. Adjusted purchase applications increased by 9%, while…

Volume Of Home Price Drops Up 95% YOY

Volume Of Home Price Drops Up 95% YOY

ByTMN Editor Reading Time: 2 minutes

Home price drops are up more than 95% from last year as the market cooldown continues into fall, according to HouseCanary’s latest Market Pulse report. The report compares data between August 2021 and August 2022 and is an ongoing review of insights from HouseCanary’s platform. The data shows that the monthly nationwide supply continues shrinking…

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