Demand for mortgages rebounds after 3 weeks of declines: MBA

Demand for mortgages bounced back last week after three weeks of declines, with applications for both purchase loans and refinancing climbing as mortgage rates retreated to the lowest levels since early May. The Mortgage Bankers Association’s Weekly Mortgage Applications Survey showed demand for purchase loans growing by a seasonally-adjusted 2 percent week over week, while … Read more

Mortgage applications slump as demand for refinancing wanes

Demand for mortgages slipped last week as requests to refinance slowed, outweighing the impact of a slight increase in purchase loan applications. For the week ending June 4, the Mortgage Bankers Association’s Weekly Mortgage Applications Survey showed requests for all types of mortgages falling by a seasonally adjusted 3.1 percent from the week before, and … Read more

Demand for mortgages lowest since before the pandemic

After adjusting for seasonal patterns, requests for purchase loans were down 3 percent from the week before and 2 percent from a year ago. Demand for mortgages dropped during the last week of May to levels not seen since before the pandemic, according to the latest data from the Mortgage Bankers Association’s Weekly Mortgage Applications … Read more

Demand for purchase loans up for second time in May

Demand for purchase mortgages was up for the second time in three weeks despite an uptick in rates during the third week in May, according to a weekly survey by the Mortgage Bankers Association. For the week ending May 21, applications to refinance were down 7 percent from the week before, and 9 percent from … Read more

Lower rates boost mortgage purchase, refi applications

The MBA’s Weekly Mortgage Applications Survey showed requests for loans were up 2.1 percent on a seasonally adjusted basis during the week ending May 7 compared to the week before. A drop in mortgage rates drove increased interest in both purchase loans and refinancing last week, according to the latest survey by the Mortgage Bankers … Read more

Share of mortgages in forbearance continues to dwindle

About 2.1 million homeowners remain in forbearance, and close to half of those borrowers haven’t made a payment in more than a year. The ranks of homeowners taking a break on their mortgage payments during the pandemic continues to thin, with the share of mortgages in forbearance dropping for the 11th week in a row … Read more

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