Tag Archives: mortgage activity

While both conventional and government home purchase applications increased last week, activity remains nearly 30% below last year’s pace, as elevated mortgage rates and low supply continue to moderate the market.

The 2023 mortgage market began on a positive note, as Freddie Mac reported a week-over-week slide in mortgage rates leading to an uptick in refinance apps.

The Mortgage Bankers Association (MBA) reports that the volume of mortgage applications for the week ending August 2 increased 5.3%.  Also seeing a spike was refinance activity, which ...