Mortgage applications climb 3.6% after slight drop in rates
MBA data show mortgage applications rose 3.6% as the 30-year fixed rate fell to 6.77%, and refinance share rose to 40.7%.
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MBA data show mortgage applications rose 3.6% as the 30-year fixed rate fell to 6.77%, and refinance share rose to 40.7%.
A dip in the 30-year fixed rate drove weekly gains in both purchase and refi demand
Refinance volume falls 19% below last year as inflation keeps bond yields elevated
The 30-year conforming rate climbed to 6.78% in the week ending Aug. 21, pushing purchase and refinance demand lower
Applications drop as the 30-year fixed rate hits its highest level in more than a year
Mortgage applications fell as the 30-year fixed rate hit its highest level since August 2025
New-home mortgage demand fell in July as elevated rates keep buyers cautious
Purchase demand fell as borrowers faced renewed affordability pressure with rates stuck at 6.77%
The Purchase Index, deemed a leading indicator for home sales, dipped 4% week over week on a seasonally adjusted basis.
The post-holiday week saw purchase applications drop, driven down by rising mortgage rates, even as demand for refinance increase.
The Purchase Index, deemed a leading indicator for home sales, rose 3% week over week on a seasonally adjusted basis.
Purchase applications tumbled as the 30-year fixed rate hit its highest level since August 2025
Mortgage applications rose this week, driven by higher purchase activity, as higher rates failed to deter buyers.
Mortgage applications fell last week as rising oil prices drove interest rates higher, deterring would-be homebuyers.
Purchase mortgage applications rebounded 6% despite higher rates, but annual demand remained nearly flat, signaling a cautious buyer return. The post Purchase Applications Rebound...
Mortgage rates remained steady from last week, amid concern over rising inflation and the war in Iran.
Buyers remain wary amid elevated mortgage rates, the latest weekly mortgage application data shows.
Borrowers pivot to adjustable loans as application volume slides in week ending Sept. 4
Spreads were 1.94%, keeping rates below 7%, while purchase apps were up 0.2% yearly and pending sales held near flat.
With 30-year conforming rates at 6.86% this week, applications rose 3.6%, but stress is visible in FHA and VA portfolios
Pending sales fall to a three-month low as the 30-year rate climbs to a year-high 6.85%
Mortgage spreads at 2.01% are keeping 2026 mortgage rates near 6.74%, supporting pending sales and limiting year-over-year declines.
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