September New Home Purchase Mortgage Applications Increased 14.9 Percent
MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 634,000 units last month
MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 634,000 units last month
With the 30-year fixed rate increasing to 7.31 percent last week, rates are at their highest level since December 2000
Compared to May 2022, apps were up 16.6 percent, the fastest pace of new home sales in 15 months
Mortgage applications decreased 9 percent from one week earlier, according to data from the Mortgage Bankers Association
Existing-home sales faded for the 11th straight month, down 1.5 percent from November and 34 percent from one year ago
Compared to November 2022, applications decreased by 5 percent
Compared to September 2022, applications decreased by 13 percent
MBA’s tracking found interest dropped 6.3 percent last week
Total apps dropped 13.1 percent, while refi apps specifically fell 15 percent
The Refinance Index also saw a bump following weeks on the low
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