Mortgage demand shrank last week, reversing an upswing caused by economic confusion in the wake of President Trump’s tariffs. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — fell by 8.5%, cooling from the week prior’s 20% jump. Buyer demand exploded as…
Mortgage demand turned around last week, reversing a slew of declines with an explosion of activity as consumers rushed to capitalize on economic confusion. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — rose by 20%, blowing away the week prior’s 1.6%…
Mortgage applications continued to sink despite relatively strong purchase demand as rates stagnated and refis dried up. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — fell by 2%, adding to the week prior’s 6.2% drop. Adjusted purchase applications were up 1%,…
Mortgage applications reversed an upward streak as a jump in rates hurt refinance activity. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — dropped by 6.2%, flipping from the week prior’s 11.2% jump. The dip coincides with mortgage rate increases. The 30-year…
More Americans are stepping out for the early stages of home shopping as rates have cooled, but few are actually pulling the trigger. That’s according to a new analysis by Redfin, which found that while purchase applications and Google searches of “homes for sale” are up 10% on the month, home sales haven’t increased at…
Mortgage applications increased for a second week as rates sank to 6.67%. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — jumped by 11.2%, adding to the week prior’s 20.4% drop. Adjusted purchase applications were up 7%, while the unadjusted index increased…
Mortgage applications finally benefited from cooling rates as dour economic outlooks translated to greater affordability. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — jumped by 20.4%, reversing the week prior’s 1.2% drop. Adjusted purchase applications were up 9%, while the unadjusted…
Mortgage applications drifted down again despite steadily cooling rates. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — fell 1.2%, adding to the week prior’s 6.6% drop. The data includes an adjustment for President’s Day. Adjusted purchase applications were unchanged, while the…
Mortgage applications hit their slowest pace since the beginning of 2025, reversing an upward trend. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — slipped by 6.6% last week, negating the week prior’s 2.3% increase. Adjusted purchase applications slipped by 6%, while…
Mortgage applications increased again, buoyed by refinance strength as purchase demand remained constrained. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — ticked up by 2.3% last week, adding to the week prior’s 2.2% increase. Adjusted purchase applications slipped by 2%, while…
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