Mortgage demand plummeted after a brief spike despite rates falling to a multi-month low as violence in the Middle East spooked markets. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — increased by 12.5%, falling from the week prior’s 12.5% increase. Refinances…
Mortgage demand turned around after weeks of decline despite a slight rise in the 30-year fixed rate. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — increased by 12.5%, soaring over the week prior’s 3.9% decrease. Refinances were up 16% and 28%…
Mortgage demand slipped for a third week despite rates moving down. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — dropped 3.9%, adding to the week prior’s 1.2% decrease. This week’s results included an adjustment for Memorial Day. Purchase demand turned around…
Commercial mortgage delinquencies rose in Q1 2025 as fears of CRE weakness bubbled to the surface. The Mortgage Bankers Association’s latest Commercial Delinquency Report found that delinquencies were up across all major capital sources last quarter, with specific property sectors and loan types feeling the most heat. The top five capital sources (commercial banks and…
Mortgage demand fell further last week on refinance weakness, but home buyers held strong. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — slipped by 1.2%, adding to the week prior’s 5.1% decrease. Purchase demand swelled, however, despite rates reaching their highest…
Mortgage demand reversed course last week as markets responded to increasing concerns about the country’s economic stability. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — sank by 5.1%, cooling from the week prior’s 1.1% increase. Adjusted purchase applications were down 5%…
Mortgage demand inched up just slightly for another week as the FOMC decided to hold rates. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — increased by 1.1%, cooling from the week prior’s 11.6% jump. Adjusted purchase applications were up 2% while…
President Trump’s pick to head the Consumer Financial Protection Bureau is being shuffled to another role. After months of waiting to be confirmed by the Senate, the administration announced the nomination of Jonathan McKernan as Undersecretary of Domestic Finance at the Treasury Department. He was nominated in February to be CFPB director and testified before…
Mortgage demand rebounded last week as mixed economic readings pushed rates slightly lower. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — increased by 11%, reversing the week prior’s 4.2% slump. Adjusted purchase applications were up 11% while the unadjusted index jumped…
Mortgage demand continues to dwindle as Americans react cautiously to a changing economic environment. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — fell by 4.2%, adding to the week prior’s 12.7% slump. Adjusted purchase applications were down 4% while the unadjusted…
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