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Tag: mortgage

Unusual holiday home-buying surge pushes mortgage demand higher

A real estate sign advertising a home "Under Contract" is pictured in Vienna, Virginia, outside of Washington.Larry Downing | ReutersAn unusual surge in home buying, just as the market enters the historically slow holiday season, is driving mortgage demand higher. Total mortgage application...

Mortgage refinance demand continues its free fall, as interest rates rise again

Rising mortgage interest rates continue to take their toll on demand, especially in the refinance market. Total mortgage application volume fell 2.8% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.The average contract interest rate for...

Borrowers rush to refinance, as mortgage rates drop for a second week

A property for sale in Monterey Park, CaliforniaFrederic J. Brown | AFP | Getty ImagesMortgage rates fell for the second straight week last week, and that helped boost refinance demand for the first time in a while. As a result, total mortgage application...

Mortgage rates fell slightly, but weekly refinance demand dropped

People wait to visit a house for sale in Floral Park, Nassau County, New York.Wang Ying | Xinhua News Agency | Getty ImagesA slight reprieve from rising mortgage rates did nothing to invigorate mortgage demand. Total mortgage application volume fell 3.3% last week...