Latest Survey Shows Lower Mortgage Application Numbers
According to data from the Mortgage Bankers Association’s weekly survey, mortgage application volume decreased 1.9% for the week ending December 2nd. Refinance volume actually increased 5% from the previous week, but was still 86% lower than this time last year. Purchase volume was 40% lower now than this same time in 2021. The FHA share of total applications increased from 12.2% to 13.7% this past week. The VA share of total applications increased from 11.2% to 11.4% this past...Mortgage Numbers Dip This Week
According to the newest survey from the Mortgage Bankers Association, new mortgage application numbers decreased 1.7% this past week. When compared with this time last year mortgage applications saw a 42% decrease year-over-year. This also marked the 10th consecutive week that the average 30-year fixed rate has increased, making it no surprise fewer people are applying for new mortgages. The FHA share of mortgage applications increased to 13.9% from 13.6% this past week. The VA share of mortgage applications remained at 10.7% this past...Latest Survey Shows 2% Decrease in Mortgage Applications
According to the newest weekly survey from the Mortgage Bankers Association, mortgage application volume decreased 2.0% during the week ending October 7th. Refinance applications were down 86% from this time in 2021 and made up 29% of total applications during last week’s period. The decrease in application volume comes as no surprise with mortgage rates still slowly increasing. The FHA share of mortgage application volume increased to 13.5% from 13.2% this past week. The VA share of mortgage application volume increased to 10.9% from 10.7% this past...Mortgage Applications Down 23% Year-Over-Year
According to new weekly data from the Mortgage Bankers Association, mortgage application volume dropped 3% compared to the previous week and 23% total year-over-year. 30-year interest rates have hit their highest level since June, causing interest in refinances to drop. Refinance application volume was only 30.7% of total applications this past week. The FHA share of mortgage application volume increased from 13.0% to 13.3% this past week. The VA share of mortgage application volume decreased from 11.1% to 10.8% this past...Connect With Us
