
Glenn McCullom is the copy editor of National Mortgage News.
Glenn McCullom is the copy editor of National Mortgage News.
Mortgage rates posted a fourth consecutive week of increases, but Freddie Mac remains bullish in its outlook for this spring's home purchase season.
Purchase mortgage applications, which until now were unaffected by the recent rise in interest rates, fell by 4% on a seasonally adjusted basis from last week, according to the Mortgage Bankers Association.
Mortgage industry hiring and new job appointments for the week ending April 19.
Mortgage rates rose for the third consecutive week, but home purchases are up as well, to their highest level in nine years, according to Freddie Mac.
Higher interest rates cut refinance mortgage application volume and reduced overall activity even as the purchase index reached a nine-year high, according to the Mortgage Bankers Association.
Mortgage industry hiring and new job appointments for the week ending April 12.
Mortgage rates rose slightly for the second consecutive week, but should remain low for the foreseeable future, which will aid the purchase market, according to Freddie Mac.
Mortgage application volume fell 5.6% from one week earlier as rising interest rates put an end to the recent surge in refinancings, according to the Mortgage Bankers Association.
Mortgage industry hiring and new job appointments for the week ending April 5.
Mortgage rates held steady after several weeks of declines, during which there was the largest weekly drop in more than 10 years, according to Freddie Mac.