Mortgage Bankers Association

Mortgage demand slipped again last week as average 30-year loan costs jumped to 6.92%, the steepest level since February. What Happened: Mortgage applications fell for a second straight week as borrowing costs climbed to a three-month high, the Mortgage Bankers Association said Wednesday. The group...

Home sales fell sharply in March and weekly mortgage applications plunged as high interest rates and economic uncertainty stifled demand as the spring home-buying season got underway.  The Details: Sales of previously owned homes in March fell 5.9% from February to 4.02 million units on a...

Mortgage rates have fallen to their lowest level since last October, spurring a significant increase in mortgage applications last week. The Details: The average rate on a 30-year loan fell to 6.67% and the Mortgage Bankers Association reported mortgage loan application volume increased 11.2% on a...

Mortgage rates last week reached their highest levels since July 2024 with the average 30-year fixed mortgage rate staying above 7%, according to Bankrate. Experts see rates remaining elevated through the first six months of 2025.  The Details: Mortgage rates have climbed higher following...

The average interest rate for a 30-year fixed mortgage dropped to its lowest point in two years as markets anticipate the Federal Reserve lowering its key interest for the first time in four years, perhaps by as much as 50 basis points. The rate for the most popular home loan fell 14 basis points...

Homebuilder stocks are on the rise as the Federal Reserve is expected to cut rates later this week, mortgage rates are on the decline and Democratic presidential candidate, Vice President Kamala Harris, proposes a homeownership plan that involves building three million new homes. The Fed is...

Mortgage rates declined to their lowest point in more than 18 months last week, encouraging homebuyers to refinance the amount they have left on their home loans. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29...

Prospective homebuyers are holding off on buying new homes as they bet on mortgage rates falling further, causing slow home sales, according to builders. And why wouldn’t they wait? In the week ending Aug. 23, the average contract interest rate for 30-year fixed-rate mortgages with conforming...

Distressed investors are viewing the U.S. commercial real estate industry as a utopia of great deals after the COVID-19 pandemic work-from-home shift caused office values to plummet last year. Private equity firms are putting this sector in their crosshairs as they set aside 64% of dry powder...

Mortgage applications have slowed as the average interest rate for 30-year mortgages has gone back above 7%. Loan requests declined 2.6% on a seasonally adjusted basis as of June 28 from a week earlier, according to data from the Mortgage Bankers Association's Weekly Applications Survey. The...

On the heals of strong results by Toll Brothers Inc (NYSE:TOL) this week, rising sales of existing homes suggested additional good news for the U.S. housing market. Having been stuck in a slump in 2023 due to high mortgage rates, which peaked at 7.79% in October, the final quarter saw some...

Potential homebuyers found further relief on Thursday after mortgage rates fell in the U.S. for the fifth consecutive week. The average rate for a 30-year loan fell to 7.22%, down from 7.29% last week, said Freddie Mac, the mortgage-backed securities broker. Although conditions for buyers appear to...

Over the past few weeks, there has been a decline in mortgage rates. Despite this drop, the expense associated with borrowing remains high. The 30-year fixed mortgage rate averaged 7.29% for the week ending Nov. 22, according to Freddie Mac's Primary Mortgage Market...

Mortgage applications fell 6% from the previous week, according to data issued by the Mortgage Bankers Association's (MBA) in its Weekly Mortgage Applications Survey for the week ending September 29. On a seasonally adjusted basis, the Market Composite Index, which reflects mortgage loan...

Mortgage applications increased by 7.4% from one week ago, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey released Wednesday.  This news comes after several weeks of declining application rates, with applications hitting a 28-year low last week,...