A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey.
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Category: mortgage applications survey
MBA: Mortgage applications rise 7.4% despite increased rates
The Mortgage Bankers Association noted the increase in borrowing activity came despite the 30-year fixed mortgage rate climbing to its highest level since November 2022.
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Mortgage applications continue falling in latest weekly survey
The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association.
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Mortgage applications rise despite increase in interest rates
At the same time, the increase in interest rates drove fewer borrowers to refinance their loans, according to the Mortgage Bankers Association.
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New-home mortgage applications drop 9% in May
On a year-over-year basis, new-home mortgage applications were down 5.9% in May, the Mortgage Bankers Association reported, citing its Builder Application Survey.
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