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Mortgage apps decline 2.3% to the lowest level since 2000

Housing Wire

Demand for mortgage loans declined to the lowest level since 2000 last week due to affordability challenges and uncertainties regarding the U.S. decline from the previous week and fell 82% from the same week in 2021 to its lowest level since November 2000, driven by a 6% drop in conventional refi applications. for the week ending Aug.

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Mortgage demand finally ticks up

Housing Wire

percent – the highest since December 2000. The average contract interest rate for 5/1 ARMs fell to 6.48% from 6.50% a week prior. For the week that ended Aug. 25, mortgage applications picked up 2.3% Department of Veteran Affairs loans’ share remained unchanged at 11.6%. Lastly, the U.S. a week prior.

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As mortgage rates hit a two-decade high, mortgage applications tick down

Housing Wire

The 30-year fixed mortgage rate increased to 7.41%, the highest rate since December 2000, and the 30-year fixed jumbo mortgage rate increased to 7.34%, the highest rate in the history of the jumbo rate series dating back to 2011,” said Joel Kan, MBA ’s vice president and deputy chief economist. from 11% the week prior. Lastly, the U.S.

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Mortgage demand sinks for fifth consecutive week

Housing Wire

Mortgage applications fell for the fifth consecutive week as the 30-year fixed-rate mortgage rose to 7.31%, its highest level since December 2000. The average contract interest rate for 5/1 ARMs fell to 6.50% from 6.20% a week prior. For the week that ended August 18, mortgage applications fell 4.2% bond yields spike last week.

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Annual home-price growth cooled further in February

Housing Wire

Because most home sales take several months from contract to closing, the data likely includes some deals struck in October and November. The Case-Shiller home price indices for February is a three-month average of closing prices in December, January and February. to a reading of 297.68. The 10-city home price index also posted a 0.4%

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Mortgage demand dipped as the Fed announced interest rate hike 

Housing Wire

The refinance index dropped 4% from the previous week, hitting its lowest level since August 2000. The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) rose to 7.14% from the previous week’s 7.06%. over the last 12 months.

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Mortgage applications dipped 6% continuing 3-week decline

Housing Wire

Mortgage applications declined for the third week in a row, reaching the lowest level since 2000,” Joel Kan, associate vice president of economic and industry forecasting at MBA. The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) rose to 5.82%, from the previous week’s 5.74%.

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