Data Confirms Mortgage Demand Up; Rates Down
In yet another sign demand is beginning to return to the market, rate lock volumes rose 32% in January 2023 driven in part by the slow decline in mortgage rates,… Read more »
Tag: adjustable-rate mortgage (ARM)
Despite Rise in Inventory, Mortgage Application Volume Declines
The latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA) has found mortgage applications sliding 1.9% from one week earlier. The MBA’s Market Composite Index, a measure of… Read more »
Mortgage Rates Keep Below the 3% Mark
Mortgage rates rose slightly this week, but still remain below the 3% mark, as Freddie Mac’s Primary Mortgage Market Survey (PMMS) found the 30-year fixed-rate mortgage (FRM) at 2.99%, up… Read more »