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Mortgage application activity slowed further during the week ended June 4, a short business week due to Monday's Memorial Day holiday. The impact of the holiday was magnified in annual comparisons because it occurred a week earlier in 2020. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, decreased 3.1 percent on a seasonally adjusted basis compared to the prior week and was down 13 percent on an unadjusted basis. The Refinance Index decreased 5 percent from the previous week and was 27 percent lower than the same week one year ago. Refinancing made up 60.4 percent of application activity during the week. The share the previous week was 61.3 percent. The seasonally adjusted Purchase Index ticked up 0.3 percent from one week earlier
Mortgage application activity slowed further during the week ended June 4, a short business week due to Monday's Memorial Day holiday. The impact of the holiday was magnified in annual comparisons because it occurred a week earlier in 2020. The Mortg... (read more)
The nation's mortgage delinquency rate is inching closer to its pre-pandemic level as early stage delinquencies improve. CoreLogic says that in March of this year 4.9 percent of all mortgages were 30 days or more past due, including loans in foreclos... (read more)
Friday: time for some random non-mortgage stuff. Everyone knows that if you lose one sense, your other senses become enhanced. Which is why people with no sense of humor have a heightened sense of self-importance. Jeff Bezos… your divorce so b... (read more)
Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc.