Mortgage applications

A lack of new and existing homes for sale led to a drop in purchase and overall mortgage application volume although refinances grew.

Debates on the issue often focus on how lending decisions affect certain demographic groups, but those analyses tend to ignore an important factor: default rates.

Rising median home prices and tight housing inventory led purchase and overall mortgage application volume to fall although refinances rose.

The job market gaining steam year-over-year pushed the purchase and overall mortgage application volume upward despite refinance activity dropping to an 18-year low.

Volatility in the financial markets, uncertainty with foreign trade and the housing supply deficit caused mortgage applications to drop for the second straight week.

Mortgage applications fell by nearly 5% last week as concerns over foreign trade and tariffs outweighed other positive economic news, according to the Mortgage Bankers Association.

Mortgage application activity increased 5.1%, rising for the second time in the past three weeks, according to the Mortgage Bankers Association.

Paycheck information gleaned from bank accounts is emerging as an alternative to verifying a mortgage applicant's income and employment with a 4506-T tax transcript request to the IRS.

Mortgage applications for newly constructed homes declined in May as sales and supply are not keeping up with demand, the Mortgage Bankers Association said.

Mortgage applications fell 1.5% from the previous week, as rising interest rates ended a brief pickup in activity, the Mortgage Bankers Association reported.