Mortgage applications

The share of mortgage refinance applications dropped to its lowest level in nearly 10 years as interest rates continued to climb.

Continued increases in mortgage rates caused the refinance loan application share to fall to its lowest level since September 2008, according to the Mortgage Bankers Association.

February's volume of mortgage loan applications for newly constructed homes rose both year-over-year and month-to-month, continuing the momentum from a surprisingly strong showing in January.

Financial data and analytics company FinLocker has gained the approval of a second patent supporting its digital vault functionality.

Mortgage application activity increased slightly from one week earlier even as the rate for the 30-year conforming loan rose to its highest level in four years.

The new Federal Reserve Board chairman's testimony in Congress was the driver of this week's mortgage rate increase, according to Freddie Mac.

Higher levels of purchase activity even with rising interest rates drove the increase in mortgage applications compared with one week earlier.

Financial services groups are calling for more funding for the Internal Revenue Service that could fix flaws in the agency's system for verifying the income of mortgage applicants.

With 30-year mortgage rates reaching a four-year high, loan application activity was lower this past week, according to the Mortgage Bankers Association.

Rising rates, largely tied to the stock market turmoil, took their toll on mortgage application volume during the past week.

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Even as rates hit their highest levels in nearly four years, mortgage application volume increased compared with one week earlier, according to the Mortgage Bankers Association.

Rising rates suppressed total mortgage application activity, which decreased 2.6% from one week earlier, according to the Mortgage Bankers Association.

Purchase loan applications were at their highest level in nearly eight years because of rising interest rates, according to the Mortgage Bankers Association.

Even as mortgage rates rose to their highest level since March, application activity increased from one week earlier, according to the Mortgage Bankers Association.

Adolfo Marzol, an official at the Department of Housing and Urban Development, is optimistic that technological improvements and other changes can help draw Federal Housing Administration lenders back to the fold.

Loan applications for newly constructed homes slowed on a month-to-month basis in December as the storm-driven spike in volume ended.

Mortgage application volume started the year on the upswing because of higher refinance activity, even with a slight increase in rates.

The IRS has taken corrective actions to speed up its income verification system, avoiding a possibly crippling slowdown for the mortgage industry, but long-term issues remain.

Mortgage application volume decreased 2.8% during the last two weeks of 2017, according to the Mortgage Bankers Association.