Mortgage applications rose for yet another week as rates sank again, with refinances driving the data with a huge jump. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — rose by 5.4% last week, adding to the week prior’s 2.3% bump. This…
Mortgage applications increased before and after the Thanksgiving holiday as rates tempered and inventory improved. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — rose by 2.8% last week, adding to the week prior’s 6.3% bump. This marks a fourth consecutive week…
Mortgage applications rose for a second week despite rates trending back towards 7% as inventory increases. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — rose by 1.7%, adding to the week prior’s 0.5% increase. This is the second increase after six…
Mortgage applications turned around last week as some buyers decided to make moves in the wake of the election. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — ticked up by 0.5%, reversing from the week prior’s 10.8% decline. This is the…
Mortgage applications remained mostly flat last week as rates rose again ahead of the election. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — shrank by just 0.1%, slowing from the week prior’s 6.7% decline and remaining close to its lowest level…
Mortgage applications continued their downward spiral last week as rates scared some potential shoppers off. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — shrank by 6.7%, adding to the week prior’s 17% decline and clocking its lowest level since July. Both…
Mortgage applications descended again as rising rates drove potential refinance borrowers away from the market. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — shrank by 17%, adding to the week prior’s 5.1% dip. Both adjusted and unadjusted purchase applications fell by…
Mortgage applications fell as the most recent jobs report painted the economy in a stronger light, pushing rates to a multi-month high. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — shrank by 5.1%, adding to the week prior’s 1.3% dip. Adjusted…
Mortgage rates ticked up last week as economic data revealed a still-growing economy, forcing applications down slightly. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — shrank by 1.3%, reversing from the week prior’s 11% jump. Mortgage rates increased marginally to 6.14%…
Mortgage applications soared to a two-year high, driven by the ongoing refinance boom. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — jumped by 11%. Adjusted purchase applications rose by 1%, while the unadjusted index increased by 0.4% and was 2% higher…
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