Loan Volume Up As Rates Rise To 6.25%

Loan Volume Up As Rates Rise To 6.25%

ByTMN Editor Reading Time: 2 minutes

Mortgage loan application volume increased by 3.8% last week, breaking a multi-week pattern of steep declines, despite rates rising to their highest point since October 2008. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index, a measure of mortgage loan application volume, rose by 3.8%. The results include an adjustment for…

Housing Starts Plummeted In July

Housing Starts Plummeted In July

ByTMN Editor Reading Time: 2 minutes

Homebuilding plummeted in July as both homebuyers and sellers continue to lose confidence in the market. Housing starts fell by a shocking 9.6% to a seasonally adjusted annual rate of 1.446 million units last month, according to new data released by the Commerce Department.  This is their lowest rate since February 2021 and significantly below…

End of content

End of content