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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. ....

United States , Joel Kan , Mortgage Bankers Association , Deputy Chief Economist , Mortgage Rates , Mortgage Applications , Purchase Applications , Mortgage Bankers Association ,

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 ....

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Mortgage applications slide as year ends

Economic shifts and seasonal trends impact homebuyer interest ....

Joel Kan , Federal Reserve , Mortgage Applications , Purchase Applications ,