Mortgage applications decreased 3.7 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 23, 2022.
Tag: Joel Kan
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“Applications for both purchase and refinances declined last week as mortgage rates continued to increase to multi-year highs following more aggressive policy measures from the Federal Reserve to bring down inflation. Additionally, ongoing uncertainty about the impact of the Fed’s reduction of its MBS and Treasury holdings is adding to the volatility in mortgage rates.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
MBA Chart of the Week Sept. 23, 2022–Fed Dot Plots
In response to inflation continuing to run well above its target of 2%, the Federal Reserve this week again raised the federal funds target by 75 basis points. Now at 3%, the rate above what most FOMC members consider to be the long-term level and should be effective in reducing demand and slowing inflation over time.
MBA Weekly Survey Sept. 21, 2022: Applications, Interest Rates Rise
Mortgage applications rose for the first time in six weeks despite another sharp jump in mortgage interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Sept. 16.
MBA Weekly Survey Sept. 21, 2022: Applications, Interest Rates Rise
Mortgage applications rose for the first time in six weeks despite another sharp jump in mortgage interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Sept. 16.
MBA Builder Applications Survey Up 17% from July
The Mortgage Bankers Association Builder Applications Survey reported mortgage applications for new home purchases in August rose by 17 percent from July—the first monthly increase in four months—but fell by 10.1 percent from a year ago.
MBA Builder Applications Survey Up 17% from July
The Mortgage Bankers Association Builder Applications Survey reported mortgage applications for new home purchases in August rose by 17 percent from July—the first monthly increase in four months—but fell by 10.1 percent from a year ago.
MBA Chart of the Week, Sept. 16, 2022: Home Purchase Applications by Loan Size
The housing market continues to face challenges from economic uncertainty, high home-price growth and volatile mortgage rates. MBA’s Weekly Applications Survey data show that overall mortgage application activity continues to trend lower, as refinances have quickly dried up due to rates rising throughout the year and hitting the 6-percent mark for the first time since 2008.
MBA Chart of the Week, Sept. 16, 2022: Home Purchase Applications by Loan Size
The housing market continues to face challenges from economic uncertainty, high home-price growth and volatile mortgage rates. MBA’s Weekly Applications Survey data show that overall mortgage application activity continues to trend lower, as refinances have quickly dried up due to rates rising throughout the year and hitting the 6-percent mark for the first time since 2008.
MBA Weekly Survey Sept. 14, 2022: Applications Fall 6th Straight Week; Interest Rates Top 6%
Mortgage applications fell for the sixth straight week as interest rates topped 6 percent, although purchase applications showed signs of life, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Sept. 9.