US mortgage rates fell last week to the lowest level since September 2024, a hopeful sign for the sluggish housing market to start the new year. Processing Content The contract rate on a 30-year mortgage dropped 7 basis points to 6.25% in the week ended Jan. 2, which included New Year’s Day, according to Mortgage […]
US mortgage rates fall to 6.25%, lowest since September 2024 Read More »
Mortgage applications decreased 5.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending Dec. 19, 2025. On an unadjusted basis, the index decreased 6% compared with the previous week. The refinance index decreased 6% from the previous week and was 110% higher than
Mortgage applications fall 5% despite rate decline Read More »
Homes in Centreville, Maryland.Nathan Howard/Bloomberg Home loan applications fell in consecutive weeks for the first time in two months, according to the Mortgage Bankers Association. Processing Content The MBA’s Market Composite Index, a measure of mortgage loan application volume, dropped 5% on a seasonally-adjusted basis from one week prior for the period ending Dec. 19.
Mortgage applications decline for second consecutive week Read More »
Fannie Mae revised its 2026 mortgage expectations marginally upward, with borrower interest in refinances, in particular, more likely to provide opportunities following the more muted activity of the past few years. Processing Content In its December housing outlook, the government-sponsored enterprise increased its forecasted volume for total originations next year to $2.37 trillion after a
Fannie Mae ups mortgage originations outlook Read More »
Mortgage applications have swung up and down over the last two months as mortgage rates have stabilized, according to the Mortgage Bankers Association. Processing Content The MBA’s Market Composite Index, a measure of mortgage loan application volume, decreased 3.8% on a seasonally-adjusted basis from one week prior for the week ending Dec. 12, as mortgage
Mortgage apps dip as rate stability stalls momentum Read More »
Mortgage applications decreased 3.8% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Dec. 12. On an unadjusted basis, the index decreased 5% compared with the previous week. The refinance index decreased 4% from the previous week and was 86% higher than the
Mortgage demand drops, but refi share reaches highest level since September Read More »
US mortgage rates fell last week to a one-month low, spurring home-purchase activity. The contract rate on a 30-year mortgage dropped 8 basis points to 6.32% in the week ended Nov. 28, which included the Thanksgiving holiday, according to Mortgage Bankers Association data released Wednesday. The rate on a five-year adjustable mortgage declined to 5.4%,
Mortgage rates slide to 6.32%, boosting purchase activity Read More »
Despite elevated mortgage rates, mortgage applications increased 0.2% from the prior week, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Nov. 21. On an unadjusted basis, the index decreased 2% compared with the previous week. “Mortgage rates crept higher last week, with the 30-year fixed rate
Purchase applications drive small mortgage application increase Read More »
US mortgage applications to buy a home surged last week to the highest level since early 2023, despite still-elevated borrowing costs. The Mortgage Bankers Association’s index of home-purchase applications jumped 7.6% to 181.6 in the week ended Nov. 21, data from the group showed Wednesday. The contract rate on a 30-year fixed mortgage rate ticked
Purchase applications surge to highest level since 2023 Read More »
Despite increasing home prices, homebuyer affordability improved in October on the back of year-low mortgage rates, the Mortgage Bankers Association said. The national median payment for purchase applicants fell nearly $30 to $2,039 last month compared to September, according to the MBA’s Purchase Applications Payment Index. That’s down $88 from a year ago and $61
Homebuyer affordability improves for fifth straight month Read More »