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December 4, 2020

Homebuyers

Mortgage demand from homebuyers spikes 28%, and the average loan amount sets a record high

CNBC Real Estate
A house for sale in Sarasota, Florida Scott Mlyn | CNBC  Thanksgiving week isn’t usually a popular time for homebuying, but most economic numbers this year are incomparable, especially in the pandemic-spiked housing market.  Mortgage applications to purchase a home jumped 9% last week from the previous week, according to......

Mortgage demand from homebuyers surges after election pause

CNBC Real Estate
A potential home buyer reviews paperwork during an open house in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images November is not historically a strong season for homebuying, but this one, like the rest of 2020, isn’t following any rules. Homebuyer demand is surging again, after taking a slight......

Mortgage demand from homebuyers drops to lowest level in 6 months

CNBC Real Estate
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg via Getty Images Another record low interest rate on the 30-year fixed mortgage last week did not help drag homebuyers out of their recent slump. Declining demand from......

Mortgage demand from homebuyers falls for the fourth straight week

CNBC Real Estate
Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month. A drop in buyer demand caused total mortgage application volume to fall 0.6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications to......

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