Today: 5. Nov, 2024
In recent events, the housing market has witnessed a significant downturn in mortgage demand, mainly attributed to the spike in interest rates. According to the Mortgage Bankers Association’s seasonally adjusted index, there was a noticeable 5.6% drop in total mortgage application volume…
After a short period of relief, mortgage rates are rising again, causing potential homebuyers to hesitate and rethink their plans. The Mortgage Bankers Association reported a 2.3% decrease in total mortgage application volume last week compared to the previous week. This downturn…
In a recent shift, the demand for mortgages has decreased after weeks of steady increase, highlighting buyers’ challenges in an increasingly competitive housing market. The Mortgage Bankers Association’s seasonally adjusted index reveals a 7.2% decline in total mortgage application volume compared to…
The mortgage market landscape exhibits a complex interplay of declining interest rates and waning mortgage demand. According to the Mortgage Bankers Association’s (MBA) seasonally adjusted index, there has been a notable decrease in mortgage applications despite a drop in rates. This trend…
In recent weeks, the housing market has witnessed a notable uptick in mortgage demand, sparked by a slight decrease in interest rates. This gradual shift indicates a renewed interest among current homeowners and potential buyers, marking the highest level of activity in…
In a startling turnaround, the landscape of the housing market has shifted, with mortgage rates experiencing the sharpest decline seen in over a year. This drop has invigorated the mortgage sector, marking an upturn in demand that has been stagnant for weeks.…
As mortgage interest rates continue progressing upward, the mortgage industry is witnessing a significant shift in consumer preferences and behaviours. The demand for mortgages has slowed down to its lowest pace since 1995, with total application volume experiencing a 1% drop last…
The world of mortgages witnessed a surprising turn last week. The adjustable-rate mortgage (ARM), a mortgage whose interest rate is periodically adjusted based on specific indices, saw a spike in demand. This move was in direct contrast to the fixed mortgage rates,…
