Published 5 months ago

Mortgage Applications Fall as Interest Rates Remain High

Mortgage interest rates surged last week, resulting in a 10.6% drop in application volume reported by the Mortgage Bankers Association.
Applications for purchasing a home fell by 10% last week and were 13% lower compared to the same week a year ago, impacting potential homebuyers' affordability.
Refinance applications decreased by 11% last week, with current rates making refinancing less appealing to borrowers.

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New York Post

Mortgage demand takes major plunge as interest rates top 7% again

Mortgage demand took a massive hit last week, with application volume down a whopping 10.6% compared with the previous week as interest rates surged over 7% -- their highest level since early December.

5 months ago·New York, United States

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CNBC

Mortgage demand takes a massive hit as interest rates cross back over 7%

Mortgage interest rates surged last week to the highest level since early December, and that hit mortgage demand hard. Total application volume plunged 10.6% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

5 months ago·United States

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Newsweek

Mortgage Applications Plunge After Warning Sign About Interest Rates

Mortgage rates rose to more than 7 percent which discouraged buyers from entering the market, lenders said.

5 months ago·United States

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Anadolu Ajansı

US mortgage applications fall 10% as rate climb back above 7%

Affordability strained with higher rates, high home values in supply-constrained market, says economist - Anadolu Ajansı

5 months ago

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Fox Business

Mortgage demand nosedives as interest rates cross back over 7%

A key measure of home-purchase applications fell sharply last week as mortgage rates surged to the highest level in two months.The Mortgage Bankers Association's (MBA) index of mortgage applications tumbled 10.6% for the week ended Feb. 16, compared with a 2.3% drop the previous week, according to new data published Wednesday. The data also showed that the average rate on the popular 30-year loan rose to 7.06% last week. While that is down from …

5 months ago·United States

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The Ohio Star

Mortgage Applications Fall as Interest Rates Remain High

by Will Kessler Mortgage applications sank last week as high prices and rising mortgage rates have increased unaffordability for average Americans, according to data from the Mortgage Bankers Association. The total volume of mortgage loan applications for homes declined 10.6% in the week ending Feb. 16 compared to the previous week when seasonally adjusted, while the purchase index fell 10% in that same time, according to a release from the MB…

5 months ago

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