Mortgage Apps Rebound In New Weekly Numbers
Following a 5 percent drop in May amid rising rates, interest in purchase loans increased in mid-June
Following a 5 percent drop in May amid rising rates, interest in purchase loans increased in mid-June
Compared to the month prior, apps were down 4 percent
Total apps dropped 13.1 percent, while refi apps specifically fell 15 percent
Per the data, lenders are 80 percent more likely to turn down Black applicants
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
New data from Redfin still points to year-over-year increases
Year-over-year, apps were also up by seven percent, according to the Mortgage Bankers Association
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