‘Signs of resilience’: Mortgage demand plummets to lowest 2023 level as rates rise for second week — but experts predict cooling rental prices will eventually bring rates below 6%

loan application volume, increased 27.9 percent on a seasonally adjusted basis The Refinance Index rose 34 percent week-over-week but remains 81 percent below its level during the same week one year ago. Refinance applications made […]

A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022.  While higher rates are generally viewed with […]

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Still, homebuyers took advantage of declining rates provoked by the turbulence and […]