Mortgage Applications Down in High-Rate Environment

The combination of a holiday week and a stagnant mortgage rate environment kept borrowers away from their lenders last week. Mortgage application volume decreased 9.2% from the previous week, according to the Mortgage Bankers Association......»»

The combination of a holiday week and a stagnant mortgage rate environment kept borrowers away from their lenders last week......»»

The American Dream of buying a home can be quickly crushed with the denial of a home loan — and it turns out Memphis is a city where that rejection rate is pretty high. Memphis-area mortgage applications are denied at a rate of 12 percent, the third.....»»

Mortgage rates this week jumped to their highest level since 2011, signaling a shift from a period of ultra-cheap loans to a higher-rate environment that could slow home price appreciation and squeeze first-time buyers......»»

While mortgage refinance rates have declined to an 8-year low, activity is still at an astonishingly high 36%. In other words, 36% of all new mortgage applications are refis.    .....»»

'The last time inflation surged this high in one month Freddie Mac’s 30-year mortgage rate was 16.9%.'.....»»

The 30-year fixed rate mortgage declined 3 basis points to 3.33%......»»

The 30-year fixed-rate average jumped to 3.17 percent, its highest level since June......»»

The 30-year fixed-rate average, which rose to 3.09 percent this week, hasn't been at that level since June......»»

A rise in interest rates has put a dent in consumers' desire for mortgage applications, but interest in home purchasing remains high as the spring selling season approaches......»»

Demand for mortgage applications remained tepid last week as rates rose to their highest level since July.  .....»»

The average contract interest rate for 30-year fixed-rate mortgages increased to 3.08% from 2.98%......»»

After falling to a historic low, the 30-year fixed-rate average jumped to 2.79 percent this week. Meanwhile, mortgage applications soared to start the year......»»

Applications to the government's mortgage bailout program have been swelling at a rate of about half a million a week......»»

The low interest rate environment isn’t expected to bring much of a boost to the housing market, which is struggling as a result of the economic downturn caused by the coronavirus pandemic......»»

The historically low rate caused a 10 percent weekly surge in applications to refinance a home loan......»»

The historically low rate caused a 10 percent weekly surge in applications to refinance a home loan......»»

With the 30-year fixed-rate average sinking near its all-time low, lenders are struggling to keep up with the high volume of refinances and costly margin calls......»»

The 30-year fixed mortgage rate last week reached its highest level since mid-January......»»

The race to refinance or fianance a home slowed as interest rates ticked up amid growing concerns about the coronavirus. Mortgage applications fell .....»»