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| ARM Loan Share Rises as Borrowers Seek Affordability | ||
| 5/1/2024 8:00 AM | ||
| Rising interest rates continue to constrain mortgage borrowing. The Mortgage Bankers Association says its Market Composite Index, a measure of loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1.4 percent compared with the previous week. The Refinance In...Read More | ||
| Home Prices Apparently Don"t Care About High Rates | ||
| 4/30/2024 11:24 AM | ||
| Home price increases continued to accelerate in February even as interest rates also moved higher. Both the S&P CoreLogic Case-Shiller Indices and the Housing Market Index (HMI) produced by the Federal Housing Finance Agency (FHFA) showed annual price growth in the 7 percent range. Case-Shiller’s U.S. National Home Price Index, which covers al...Read More | ||
| Mortgage App Volume Declines Across the Board | ||
| 4/24/2024 7:36 AM | ||
| The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, fell back for the first time in three weeks during the week ended Aril 19 as interest rates continued to rise. The Index declined 2.7 percent on a seasonally adjusted basis from one week earlier and was 2.0 percent lower befo...Read More | ||
| Spring New Home Sales Prove Resilient to Higher Rates | ||
| 4/23/2024 11:47 AM | ||
| Existing home sales posted strong gains in February while sales of new homes slipped slightly. In March each category switched directions. The U.S. Census Bureau and the Department of Housing and Urban Development said newly constructed homes sold at a seasonally adjusted annual rate of 693,000 compared to 668,000 in February while the National Ass...Read More | ||
| Mortgage App Volume Ticks Higher Despite Higher Rates | ||
| 4/17/2024 7:35 AM | ||
| Mortgage interest rates rose for the second straight week, and so did the volume of mortgage applications. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 3.3 percent on an adjusted basis from one week earlier and 4.0 percent before adjustment. The Refinance Index increased 0.5 pe...Read More | ||
| Residential Construction Fall and Builder Confidence Flattens in Uncertain Rate Environment | ||
| 4/16/2024 10:41 AM | ||
| While builder confidence in the market for new residential construction improved in March, it remained flat in April and residential construction numbers showed a decline in momentum as well. Residential construction starts, which had surged in February, gave back all of those gains in March. The U.S. Census Bureau and the Department of Housing an...Read More | ||
| Borrowers Pick Up Pace of Refinancing | ||
| 4/10/2024 7:39 AM | ||
| The interest rate for conforming 30-year fixed-rate mortgages (FRM) again topped 7 percent last week, but mortgage application activity still squeezed out a tiny gain. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, increased 0.1 percent on a seasonally adjusted basis. On an unadjuste...Read More | ||
| Persistent High Rates Have Application Volume Stuck in Neutral | ||
| 4/3/2024 7:16 AM | ||
| Mortgage application activity drifted lower again last week , the third straight week of mostly fractional declines. The Mortgage Bankers Association’s Market Composite Index, a measure of application volume, decreased 0.6 percent on a seasonally adjusted basis from one week earlier and 0.1 percent before adjustment. The Refinance Index declined ...Read More | ||
| Little Change in Mortgage Application Volume, Despite Lower Rates | ||
| 3/27/2024 7:42 AM | ||
| The Mortgage Bankers Association said its Market Composite Index moved lower last week, apparently indifferent to a slight improvement in mortgage interest rates. The Index, which measures loan application volume, decreased 0.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index declined 0.4 percent...Read More | ||
| New Home Sales Decline Slightly, Prices Too | ||
| 3/26/2024 12:53 PM | ||
| Sales of newly constructed homes were virtually unchanged in February. The 662,000 seasonally adjusted annual units recorded in during the month was down by 2,000 units or 0.3 percent from the rate in January. This did, however, put sales 5.9 percent higher than they were in February 2023. The report from the U.S. Census Bureau and the Departmen...Read More | ||
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