30-year mortgage rate rises to the highest level in 2 months
The hot CPI report for January weighs on outlooks for lower mortgage rates in the near term, as the Fed is more likely to keep policy tight.
Source: yahoo.com
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Housing: Bidding wars erupt as 2024 kicks off, with some listings seeing over 30 offers
Mortgage rates declined throughout December, luring more buyers back to the market. They're competing over stubbornly low inventory.
Source: yahoo.com
Mortgage Applications Take A Holiday Dip: MBA's Year-End Report Reveals 9.4% Drop In Last Week Of 2023
Mortgage applications dropped 9.4% in the last week of 2023 despite a decline in interest rates, according to the Mortgage Bankers Association (MBA). The results of the MBA's Weekly Mortgage Applications Survey, released Jan. 3, include adjustments to account for the holidays. On an unadjusted basis, the Market Composite index declined 38% compared with two weeks ago. The holiday-adjusted Refinance Index declined 18% from two weeks ago, and the unadjusted Refinance Index plunged 43% during the s
Source: yahoo.com
Mortgage applications slide as year ends
Economic shifts and seasonal trends impact homebuyer interest
Source: mpamag.com
Mortgage rates fall back again, nearing 7% and fueling some refinance activity
The rate on the 30-year fixed mortgage decreased to 7.03% from 7.22% the week prior.
Source: yahoo.com