Mortgage applications continued their ascent last week as purchase activity ticked up, but refinances may be hitting their ceiling. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — increased by 1.4%, close to the week prior’s 1.6%. This week’s results include an…
Mortgage applications rose again last week as government purchase activity made up for retreating refinances. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — increased by 1.6%, slightly better than the week prior’s 0.5%. Adjusted purchase applications rose by 3%, while the…
Mortgage applications ticked up last week as rates continued to cool, but many Americans are taking a “wait and see” approach to the market. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — increased by 0.5%. Adjusted purchase applications rose by 1%,…
Mortgage applications moderated last week as homeowners pulled back in refinancing. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — fell by 10.1%, cutting into a 16.8% increase the week prior. Adjusted purchase applications fell by 5%, while the unadjusted index was…
Mortgage applications soared last week as weakening rates encouraged an explosion of refinances, plus slightly better purchase activity. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — jumped by 16.8%, adding to a 6.9% increase the week prior. Adjusted purchase applications rose…
Mortgage applications slipped further last week as refinances stalled after a brief boost. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — fell by 3.9%, adding to a 2.2% dip the week prior. Adjusted purchase applications decreased by 2%, while the unadjusted…
Mortgage applications reversed course last week, turning down after getting a refi-inspired boost the week prior. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — fell by 2.2%, cutting into its 3.9% increase. Adjusted purchase applications decreased by 4%, while the unadjusted…
Homebuyer interest in new homes slowed in June, coinciding with a decline in builder activity. The Mortgage Bankers Association’s Builder Application Survey unadjusted data for June 2024 found that mortgage applications for new home purchases rose 0.7% YOY but slipped by 16% from the month prior. MBA VP and Deputy Chief Economist Joel Kan noted that…
Mortgage applications saw an upswing last week driven by a refi boost as rates fell to a multi-month low. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — jumped by 3.9%. Adjusted purchase applications decreased by 3%, while the unadjusted index was…
Mortgage applications fell last week as rates hovered around 7%. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — slipped by 0.2%. The results include an adjustment for the Fourth of July. Adjusted purchase applications increased by 1%, while the unadjusted index…
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