Mortgage Apps Drop To Lowest Level Since 2000
MBA’s tracking found interest dropped 6.3 percent last week
MBA’s tracking found interest dropped 6.3 percent last week
Originations are expected to rise despite anticipated slowdown in existing home purchases
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
New numbers from the MBA show applications increased 2.8 percent week-over-week
Both purchase and refinance applications saw double-digit gains since the Fourth of July holiday weekend
Both purchase and refinance applications were down week-over-week and year-to-year
May numbers show an overall decrease of 5.9 percent
The Mortgage Bankers Association finds that interest last week was off 2 percent year-over-year
The number of requests for COVID mortgage assistance is also down, per the Mortgage Bankers Association
© 2022 California Listings, LLC