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US mortgage rates jumped last week by the most since October on the back of heightened volatility in the Treasury market, causing a pullback in financing applications for home purchases and refinancing.
April 16 -
US mortgage rates fell to the lowest level since October, spurred by a rally in government bonds in the wake of an escalating trade war and driving home purchase applications to a more than one-year high.
April 9 -
Purchase applications reached their highest level since January despite the average 30-year fixed rate falling by just 1 basis point last week.
April 2 -
Royal Bank of Canada executives said they plan to start originating more mortgages in the United States, and they indicated that they may ditch the City National Bank brand.
March 27 -
Government-backed lending drove an increase in purchase mortgages for a second straight week, even as interest rates failed to drive refinance activity.
March 26 -
The average size of purchase applications fell below the $400,000 mark, reflecting first-time home buyer interest, the Mortgage Bankers Association said.
March 13 -
Refinance activity was up 16% from the end of February while purchase applications rose mildly, on the strength of fading rates amid larger economic woes.
March 12 -
The average 30-year fixed-rate mortgage fell to its lowest point so far in 2025, driving refinance activity 83% higher than the same time a year ago.
March 5 -
January's median payment also grew at its fastest pace since October as volatile interest rates hit homebuyers' wallets, the Mortgage Bankers Association said.
February 27 -
Purchase volume was flat last week and up just 3% compared to the same time a year ago when the market faced similar rates in the high 6% range.
February 26