Mortgage demand weakened for a second straight week as borrowing costs moved back toward 7%, reinforcing the pressure higher bond yields are putting on both home purchases and refinancing. The Mortgage Bankers Association’s Market Composite Index fell 4.1% on a...
Mortgage demand for newly built homes weakened again in August, extending a five-month slide even as builders continued to convert enough buyers to keep estimated new-home sales above July’s pace. The Mortgage Bankers Association’s Builder Application Survey showed...
An estimated one in 119 mortgage applications submitted during the second quarter had indications of fraud, according to the latest Cotality National Mortgage Application Fraud Risk Index report. The index now has a reading of 132, up by 11 points or 9.1% from the...
Mortgage applications for new home purchases in June declined by 6% from May but increased 2.4% from one year before, according to data from the Mortgage Bankers Association (MBA). The trade group estimated new single-family home sales were running at a seasonally...
Mortgage applications for new home purchases during April were down by 2.4% from one year earlier and were also down by 10% from the previous month. According to data from the Mortgage Bankers Association (MBA) Builder Application Survey, new single-family home sales...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
