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IPFS News Link • Housing

Mortgage Purchase Applications Drop to the Lowest Level Since May of 1995

• https://mishtalk.com, By Mish

After a short-lived bounce in January mortgage applications renewed their plunge. 

Mortgage Bankers Association Purchase Index One Year Chart

MBA Press Release Notes

January 04, 2023: Mortgage Applications Decreased Over a Two-Week Period 

January 11, 2023: Mortgage Applications Increase

January 18, 2023: Mortgage Applications Increase

January 25, 2023: Mortgage Applications Increase

February 01, 2023: Mortgage Applications Decrease

February 08, 2023: Mortgage Applications Increase

February 15, 2023: Mortgage Applications Decrease

February 22, 2023: Mortgage Applications Decrease

Mortgage News Daily 30-Year Mortgage Rates 

There was a brief but anemic bounce in applications when rates briefly dipped to 6 percent in January.

But rates were mostly range-bound from mid-December to February 2. On December 15, the 30-year MND rate was 6.13 percent. On February 2, the rate briefly fell below 6.00 percent to 5.99 percent. 

A longer term chart puts applications into better perspective,

Mortgage Bankers Association Purchase Index 30-Year Chart 


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