US mortgage applications for home purchases declined to a five-week low even as rates eased from the highest level since late January. The Mortgage Bankers Association’s index of applications for home purchases decreased 4.4% to 155 in the week ended May 30, which included the Memorial Day holiday. The contract rate on a 30-year mortgage […]
US home purchase applications gauge declines to a five-week low Read More »
Mortgage applications decreased by 3.9% for the week ending May 30, according to data from the Mortgage Bankers Association (MBA). On an unadjusted basis, the index fell 15% during the week marked by the Memorial Day holiday. But economists and loan officers say the year-to-date landscape looks much better. “Mortgage applications decreased over the week,
Mortgage demand dips over holiday but keeps yearly momentum Read More »
US mortgage rates climbed last week to a three-month high, prompting a slide in applications for home purchases and refinancing. The contract rate on a 30-year mortgage rose 6 basis points to 6.92% in the week ended May 16, according to Mortgage Bankers Association data released Wednesday. The rate on five-year adjustable mortgages also increased
Mortgage rates rise to three-month high, slowing home demand Read More »
Mortgage shoppers submitted 1.1% more applications for the week ending May 9 than they did at the end of April, according to the Mortgage Bankers Association. The trade group’s Refinance Index also fell 0.4%, as volatility driven by economic uncertainty appears to fade. Consumers watched rates for all but 15-year fixed-rate and jumbo mortgages rise,
Mortgage applications rise 1.1% as rates stabilize Read More »
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