applications

Biden’s Mortgage Market! Mortgage Demand (Applications) Increase By 2.5% From Previous Week As Mortgage Purchase Demand Down -20% From Last Year (Refi Demand Down -7% From Last Year While Mortgage Rate Is UP 169% Under Biden)

by confoundedinterest17 US inflation is lower than it was a year ago (cheers from The View CNN and MSNBC cheerleaders), but inflation remains stubborning above The Fed’s 2% target rate and will likely remain above 2% for the nexf few years. So mortgage demand is much like inflation … mortgage demand increased in the latest …

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Back In Time! MBA Mortgage Purchase Demand (Applications) Decline To Lowest Level Since 1995 (Down -22% Since Last Year)

by confoundedinterest17 We are back in time … at least for the mortgage market. Thanks to Bidenomics!!!! Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 27, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased …

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Mortgage Purchase Demand (Applications) Fell 2% Since Last Week And 22% Since Last Year As Mortgage Rates Hit Highest Level Since 2000 (Almost 8%)

by confoundedinterest17 The US is teetering on World War III with tensions soaring in the Middle East, Ukraine, and southeast Asia. And Biden wanders off to Rehobeth Beach Delaware to relax … while over 200 Americans are still held hostage by terrorist group Hamas. The bad news? Biden is back in Washington DC trying to …

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Biden Admin Orders Banks Not To Reject Illegal Immigrants’ Loan Applications

The Biden administration has warned U.S. banks and other financial institutions that they can’t reject illegal immigrants’ credit applications based solely or predominantly on their immigration status. The Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) said in a recent statement that rejecting illegal immigrants for credit cards and various types of …

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Mortgage demand drops to the lowest levels since 1996 as interest rates hit 8%. Mortgage applications for home purchases are down 22% compared to a year ago.

by TonyLiberty Mortgage demand drops to the lowest levels since 1996 as interest rates hit 8%. Mortgage applications for home purchases are down 22% compared to a year ago. ​ Rising rates are pushing more potential homebuyers out of the market but the Federal Reserve is expected to keep raising interest rates to fight inflation. …

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Mortgage Applications Increased 5.4% Last Week, But Purchase Demand Still Down -26% YoY And Refi Demand Down -29% YoY (Despite Mortgage Rate Rising To 7.31%)

by confoundedinterest17 Mortgage applications increased last week, despite the 30-year fixed rate edging back up to 7.31 percent – its highest level in four weeks. Mortgage applications increased 5.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 15, 2023. Last …

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Mortgage Applications Decreased For Seventh Time In Eight Weeks, Lowest Level Since 1996 (Purchase Apps Down -11% WoW And -27% YoY)

by confoundedinterest17 Well, this isn’t good if you are a mortgage lender. Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 8, 2023. This week’s results included an adjustment for the Labor Day holiday. The Market Composite …

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Burning Down The Housing Market! Mortgage Demand Decreased in Weekly Survey Purchase Applications “Lowest Level Since April 1995”

by confoundedinterest17 The Talking Heads said it best. Bidenomics is burning down the housing market. Bidenomincs (or trying to recover from Yellenomics) is responisble for interest rates rising to flight inflation and the collapse of mortgage lending. And she was … Janet Yellen. Mortgage demand (applications) decreased 4.2 percent from one week earlier, according to data from …

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Tapped-out consumers are finally balking at overpaying for used cars and more than half of auto dealer credit applications for buyers are being denied

The consumer is showing signs of weakening: pic.twitter.com/lQrIAfC7CO — QE Infinity (@StealthQE4) July 30, 2023 JayPo said financial conditions tightening last week referring to this Credit is undoubtedly tightening as auto loan rejections hit highs and credit profile of borrowers deteriorate. Further tightening expected when student loan moratorium ends and excess savings dry up. https://t.co/Fgfujr4V6d …

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