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Mortgage Applications Stabilized Despite Last Week’s Higher Rates
Jeannette Thompson
Published 5 months ago
Mortgage applications have been making logical moves recently with higher rates causing a
sharp deceleration in refinance activity. Purchases are off their recent highs as well, but in
much better shape in the bigger picture.
In this week's report, released by the Mortgage Bankers Association (MBA) today, mortgage
rates moved up yet again, setting another new multi-year high. It's no surprise, then, to see
applications fall further, but it's definitely a surprise to see refinances move higher, even if
only microscopically.
Continue this read in the above PDF.
sharp deceleration in refinance activity. Purchases are off their recent highs as well, but in
much better shape in the bigger picture.
In this week's report, released by the Mortgage Bankers Association (MBA) today, mortgage
rates moved up yet again, setting another new multi-year high. It's no surprise, then, to see
applications fall further, but it's definitely a surprise to see refinances move higher, even if
only microscopically.
Continue this read in the above PDF.
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National Rate Averages
Conf. 30Y Fixed
5.42%
0.023
FHA 30Y Fixed
5.333%
0.005
Jumbo 30Y Fixed
5.163%
-0.169
Rate averages are calculated from actual locked rates. Learn more.
