{"id":605,"date":"2025-01-19T20:18:02","date_gmt":"2025-01-19T20:18:02","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/mortgage-applications-dont-have-much-to-lose\/"},"modified":"2025-01-19T20:18:02","modified_gmt":"2025-01-19T20:18:02","slug":"mortgage-applications-dont-have-much-to-lose","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/mortgage-applications-dont-have-much-to-lose\/","title":{"rendered":"Mortgage Applications Don&#8217;t Have Much to Lose"},"content":{"rendered":"\n<div>\n<p>2024 has been one of those &#8220;it is what it is&#8221; sort of years for activity in the mortgage market.\u00a0 There were signs of hope over the summer months as rates fell enough to make for a noticeable spike in refinance activity.\u00a0 But with the rapid reversal starting in October, refi demand is right back in line with long term lows according to the Mortgage Bankers Association&#8217;s (MBA) refinancing index.<\/p>\n<p><\/p>\n<p>It&#8217;s hard to see in the chart, but this week&#8217;s survey actually showed a modest increase over last week, the difference is inconsequential as both are effectively the lowest levels since late 2023.<\/p>\n<p>The purchase side of the market has been less eventful, but no less depressing.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/a.mortgagenewsdaily.com\/assets\/67819bcb290ea86feee3eb9c\/67819bcb290ea86feee3eb9c.png\" width=\"525\" height=\"379\" alt=\"\"\/><\/p>\n<p>This application data was collected well before this week&#8217;s jobs report and subsequent rate spike.\u00a0 As such, we wouldn&#8217;t expect any resilience in next week&#8217;s numbers.\u00a0 On the brighter side, present levels are so repressed that we also wouldn&#8217;t expect much more of a contraction.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>2024 has been one of those &#8220;it is what it is&#8221; sort of years for activity in the mortgage market.\u00a0 There were signs of hope over the summer months as rates fell enough to make for a noticeable spike in refinance activity.\u00a0 But with the rapid reversal starting in October, refi demand is right back [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[209,235,236,153],"class_list":["post-605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-applications","tag-dont","tag-lose","tag-mortgage"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=605"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/606"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}