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Mortgage Application Activity Sinks Amid Pullback in Refinancing

Mortgage Application Activity Sinks Amid Pullback in Refinancing

A sharp decline in refinancing sparked by rising mortgage rates and a new wave of economic uncertainty caused mortgage application activity to sink during the week ending March 13, according to data from the Mortgage Bankers Association (MBA). “Mortgage rates...

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Builder Confidence Drops, Albeit with a Significant Asterisk Attached

Builder Confidence Drops, Albeit with a Significant Asterisk Attached

Builder confidence took a sizable stumble this month amid concerns of tariffs, interest rates and an uncertain economic outlook. However, the National Association of Home Builders (NAHB) stressed that its Housing Market Index (HMI) data was culled prior to the May 12...