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.



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CNBC

United States

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

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.

Ad Fontes Media

All Sides

Media Bias/Fact Check

New York Post

Murdoch family

New York

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

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.



Roberts family

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

Newsweek

IBT Media

Mortgage Applications Plunge After Warning Sign About Interest Rates

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

Anadolu Ajansı

Government of Turkey

Ankara

Turkey

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

Fox Business

Mortgage demand nosedives as interest rates cross back over 7%

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…

The Ohio Star

Star News Network

Ohio

Mortgage Applications Fall as Interest Rates Remain High

Banks are responding to the climate of caution among households as regards taking out a loan with new cuts in mortgage rates, in a bid to spark the interest of potential new buyers. They are also extending, until the end of the year, the interest rate freeze in force since last May for existing borrowers. […]

Kathimerini English Edition

Athens

Greece

Interest rate reduction on mortgage loans

Mortgage demand continued its downward trajectory last week as interest rates moved back above the 7% mark.

Mortgage Applications Fall as Interest Rates Remain High

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