Mortgage Applications Blast Off in MBA Weekly Survey

Mortgage applications—particularly refinance applications—surged last week as key interest rates held relatively steady and borrowers took advantage, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 8.

Mortgage Applications Blast Off in MBA Weekly Survey

Mortgage applications—particularly refinance applications—surged last week as key interest rates held relatively steady and borrowers took advantage, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 8.

MBA Chart of the Week: Unemployment Insurance Continued Claims

The COVID-19 pandemic continued to impact the labor market to close 2020. Friday’s release from the Bureau of Labor Statistics showed that faster layoffs led to a loss of 140,000 jobs in December and kept the headline unemployment rate (U-3) at 6.7 percent.

MBA Chart of the Week: Unemployment Insurance Continued Claims

The COVID-19 pandemic continued to impact the labor market to close 2020. Friday’s release from the Bureau of Labor Statistics showed that faster layoffs led to a loss of 140,000 jobs in December and kept the headline unemployment rate (U-3) at 6.7 percent.

Mortgage Applications Drop over Holidays

Despite near-record low interest rates, Americans had the holidays in mind and not mortgages, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the weeks ending Dec. 25 and Jan. 1.

Mortgage Applications Drop over Holidays

Despite near-record low interest rates, Americans had the holidays in mind and not mortgages, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the weeks ending Dec. 25 and Jan. 1.