Survey

Feb. 15, 2018

Stock Market Volatility Shakes Mortgage Demand

According to the Mortgage Bankers Association's Weekly Applications Survey, demand for mortgage applications fell 4.1 percent last week from the week before. But though there was another increase in average mortgage rates, the decline was not seen as solely a reaction to higher rates. In fact, the drop was seen, …

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Jan. 24, 2018

Young Adults Hold Key To This Year's Market

First-time home buyers are an important demographic when tracking the health of the housing market. That's because, they typically make up nearly half of all home sales. In recent years, however, young Americans have been buying fewer homes than in the past. In fact, Freddie Mac's most recent monthly outlook …

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Jan. 18, 2018

Mortgage Rates Rise, So Does Application Demand

According to the Mortgage Bankers Association's Weekly Applications Survey,

average mortgage rates increased last week, reaching their highest level since March of last year. Rates were up across all loan categories – including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, …

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Jan. 11, 2018

Mortgage Demand Jumps Following Holidays

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates held steady again last week, with little change for 30-year fixed-rate mortgages with conforming loan balances. But, though not moved from the previous week, rates are lower than they were at the same time last year. That, …

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Jan. 4, 2018

Mortgage Rates Mostly Steady To End The Year

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were fairly steady at the end of 2017. In fact, 30-year fixed-rate loans with conforming balances were unchanged during the last week of the year – while jumbo loans, loans backed by the Federal Housing Administration, and …

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Dec. 21, 2017

Mortgage Applications Stall Despite Rate Drop

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell last week for 30-year fixed-rate mortgages, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. Rates for jumbo loans increased from the previous week. Despite favorable rates, however, total demand for mortgage applications was down …

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Dec. 19, 2017

Builder Confidence Hits Highest Level Since 1999

New home construction is an important part of maintaining a healthy housing market. Without a steady supply of new homes, the total number of homes for sale will stall and prices will climb. That's why the National Association of Home Builders tracks builder confidence with their monthly Housing Market Index. …

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Dec. 15, 2017

The Gig Economy And Homeownership

Smartphones and the internet have given rise to a number of on-demand services that offer Americans the ability to supplement their income by providing work as independent contractors. Whether delivering groceries or ride sharing, many Americans are now working in what is known as the “gig economy.” In fact, as …

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Dec. 14, 2017

Survey Finds Mortgage Rates Up Last Week

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were up slightly last week, with increases seen for 30-year fixed-rate loans with conforming loan balances, mortgages backed by the Federal Housing Administration, and 15-year fixed-rate loans. Rates for jumbo loans, on the other hand, were down from …

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Dec. 8, 2017

Demand Spikes As Mortgage Rates Fall

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates dropped last week. The decline moved rates lower than they were at the same time last year. It also led to an increase in demand for mortgage loan applications. In fact, refinance activity was up 9 percent and

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