Tag: mortgage demand

Mortgage Demand Crashes, America’s 3rd Biggest Homebuilder Posts 41 Percent Drop in New Home Orders

February 1, 2023
Business & Marketseconomyhome loanshousing marketinflationInvestmentMarketsmortgage demandPolicies & Impactsreal estateUSUS Real Estate
0 Comment

Mortgage demand crashed last week, despite a decline in interest rate hikes and a stronger start to the year in January. Total mortgage application volume tumbled 9 percent for the week ending Jan. 27, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index on Feb. 1. “Mortgage rates declined for the…

Read More

Mortgage Demand Drops to Lowest Level in 26 Years as Housing Market Slump Continues

January 5, 2023
Business & MarketseconomyMarket Composite Indexmortgage applicationsmortgage demandmortgage ratesreal estaterecessionU.S. home pricesU.S. home salesUSUS Real Estate
0 Comment

Mortgage demand has fallen in the past two weeks to its lowest level since the 1990s as elevated mortgage rates and fears of a recession take a toll on the market, according to latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, which measures the volume of mortgage loan applications, fell 13.2…

Read More

House Prices Fell in September in All 20 US Cities Tracked by S&P Global

November 29, 2022
Business & Marketseconomyhousing marketinflationmortgage demandmortgage ratesreal estateU.S. home pricesUSUS Real Estate
0 Comment

Home prices in 20 major cities across the United States fell in September, according to data from S&P Dow Jones Indices, indicating a deceleration in the housing market. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index fell by 1 percent on a monthly basis in September (before seasonal adjustment), with the 10-City composite…

Read More

Mortgage Rates Decline Following Signs of Easing Inflation

November 11, 2022
Business & MarketseconomyinflationMarketsmortgage applicationsmortgage demandmortgage paymentsmortgage ratesreal estateUSUS Real Estate
0 Comment

After data showed inflation cooled in October, mortgage rates fell sharply on Thursday by its biggest ever margin, according to data from Mortgage Daily News (MDN). The Consumer Price Index (CPI) data released on Nov. 10 showed 12-month inflation growing by 7.7 percent in October, down from 8.2 percent in September, and below market expectations…

Read More

Mortgage Demand Drops as Rates Rise to 7.14 Percent, Near Highest Level Since 2001

November 10, 2022
30-year mortgageBusiness & MarketseconomyinflationMarketsmortgage applicationsmortgage demandreal estateU.S. home salesUSUS Real Estate
0 Comment

With interest rates remaining high, demand for mortgages dropped during the week ended Nov. 4, according to the latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, which measures mortgage loan-application volume, fell 0.1 percent from a week ago on a seasonally adjusted basis, according to an MBA press release on Nov. 9….

Read More

Mortgage Demand Slumps Again Despite Rates Easing as Housing Downturn Intensifies

November 2, 2022
Business & MarketseconomyHome saleshousing marketMarketsmortgage applicationsmortgage demandreal estaterecessionrising mortgage ratesU.S. interest rate hikesUSUS Real Estate
0 Comment

Even though mortgage rates eased down a bit, demand for mortgages fell for the week ended Oct. 28, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, which measures mortgage loan-application volume, declined by 0.5 percent on a seasonally adjusted basis for the week ended Oct. 28 when compared to a…

Read More

Mortgage Demand Falls to 25-Year Low as Interest Rates Top 7 Percent: Mortgage Bankers Association

October 26, 2022
Business & Marketseconomyhousing marketinflationMarket Composite IndexMarketsmortgage bankers associationmortgage demandmortgage ratesreal estateUSUS Real Estate
0 Comment

Mortgage applications have fallen to their lowest level in 25 years as interest rates hit record highs, according to the Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, which measures mortgage application loan volume, fell 1.7 percent on a seasonally adjusted basis for the week ending Oct. 21 compared to a week earlier, according…

Read More

Mortgage Demand Slumps to 25-Year Low as Rates Climb

October 20, 2022
30-year mortgageBusiness & Marketseconomyinterest rate hikesMarketsmortgage applicationsmortgage demandpersonal financerecessionU.S. home pricesUSUS News
0 Comment

Demand for mortgages has fallen to a multi-decade low amid rising interest rates that have hit record levels, according to the Mortgage Bankers Association (MBA). MBA’s Market Composite Index, which measures the volume of loan applications, fell 4.5 percent for the week ending Oct. 14 from a week earlier on a seasonally adjusted basis, an…

Read More