Mortgage applications

Purchase applications increased for the fourth consecutive week, with the average loan amount at its highest since February.

Purchase and refinance numbers both came in higher, while average loan sizes also recorded an uptick.

Refinance numbers declined for the seventh time in eight weeks, leading to an overall weekly decrease.

Despite elevated prices and supply-chain bottlenecks, October application activity was up for the second time in three months and pushed the average loan size to a record high.

The weekly gain was the largest since July, but overall activity still remains close to early 2020 lows.

Purchases also dropped on a weekly basis, but still show signs of strong demand.

Purchases picked up, but refinances slowed for a fifth straight week, as rising interest rates took steam out of the market.

The heightened level of refinancing seen earlier this year cooled further, with applications declining for the fourth straight week.

Increased purchase activity countered a slowdown in refinance applications, which were impacted by rising rates.

Refinancing volume dropped to its lowest level in three months, while purchases also decreased in number.

As applications dropped, average loan sizes grew, with the purchase amount hitting its highest level since May.

Purchases jumped to a high not seen since April, while refinances were also up due to the increased use of government programs.

But the pace of refinances was at its slowest since July, even as interest rates remained low.

Refinance and purchase applications both declined, while average loan sizes shrunk for the fifth consecutive week.

Purchases and refinance activity both edged higher, as loan sizes decreased, signaling opportunities may exist for first-time buyers.

Increased purchase lending and added pressure from Fannie Mae and Freddie Mac’s new loan limits should drive the likelihood of borrower misrepresentation.

Despite declining rates, refinancing volume fell, while purchases slowed even further after dipping to its lowest point in over a year.

Such applications have declined on an annual basis for the past three months, but overall weekly numbers increased due to a jump in refinances amid plummeting rates.

Despite lower numbers, refi applications continued trending strongly, while purchases fell close to lows from more than a year ago.

Meanwhile, the average new-home mortgage price climbed to a new all-time high, according to the Mortgage Bankers Association.