US mortgage applications to buy a home surged last week to the highest level since early 2023, despite still-elevated borrowing costs https://t.co/HISZVnWgyi ...

Meanwhile, I want to get over to Diana Ol. She's got the weekly mortgage applications report. Good morning to you. >> Good morning, Andrea.Yeah, the refi boom we saw just a few weeks ago just went bust thanks to higher mortgage rates. The average rate on the 30-year fix for conforming loans increased last week to 6.46% from 6.34%. That's for loans with 20% down according to the Mortgage Bankers Association.Now, as a result, applications to refinance a home loan dropped 21% last week from the previous week. ...

Personnel Changes at the Federal Reserve - The report indicates potential changes in the Federal Reserve leadership, with Trump stating his intention to remove Fed governor Lisa Cook [1] - The stated reason for the potential removal is allegations of fraudulent information on mortgage applications [1]

All right. So, folks, you may not care about the Federal Reserve or interest rates, but you may want to buy a home. And what the Fed does could influence the bond market, which could influence mortgage rates.And guess what. We got new numbers on pending home sales for the month of June. Diana Ols.>> Well, Brian, pending home sales in June dropped just less than 1% from May and we're down 2.8% from June of last year. These counts are based on signed contracts for existing homes. So, people out shopping in Ju ...

Mortgage Market Trends - US mortgage applications to buy a home declined to the lowest level since late May [1] - Elevated borrowing costs contributed to the decline in mortgage applications [1]

Market Trends - US mortgage applications to purchase a home jumped to the highest level since early 2023 [1] Financial Indicators - Borrowing costs barely budged [1]