Worsening affordability challenges are affecting first-time homebuyers
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Category: mortgage applications
May marks turning point in housing frenzy, homebuyers starting to regain control
The shift comes at a great cost as rising mortgage rates continue to keep buyers out of the market.
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Mortgage applications fall as rates hit 13-year high
Overall mortgage-application volume was at its lowest level since 2018, the Mortgage Bankers Association said.
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Mortgage applications rise, interest rates fall as Ukraine uncertainty roils markets
“Looking ahead, the potential for higher inflation amidst disruptions in oil and other commodity flows will likely lead to a period of volatility in rates,” — MBA associate vice president of economic and industry forecasting Joel Kan
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Mortgage applications fall to pre-pandemic low as rates rise
Mortgage applications fell more than 13% in the most-recent week tracked by the Mortgage Bankers Association’s Market Composite Index, while interest rates continued to rise.
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Mortgage applications fall more than 8%
The average contract interest rate for 30-year fixed-rate mortgages backed by the Federal Housing Administration increased to 3.93% from 3.86%, the Mortgage Bankers Association said.
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2022 kicks off with hottest January on record
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Mortgage applications, interest rates rise first week of January
“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand,. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand.” — Mortgage Bankers Association associate vice president of economic and industry forecasting Joel Kan
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Mortgage applications fall during last two weeks of 2021
At the same time, the average 30-year fixed-rate mortgage rose to 3.33%, its highest level since April 2021, the Mortgage Bankers Association said.
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Median home prices reach an all-time high
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