Posts from June 15th, 2022

Blog

Subscription

Subscribe and receive email notifications of new blog posts.

RSS Feed Archives

2026 | 12 Posts
- March | 4 Posts
- February | 4 Posts
- January | 4 Posts
2025 | 52 Posts
- December | 4 Posts
- November | 5 Posts
- October | 5 Posts
- September | 3 Posts
- August | 4 Posts
- July | 5 Posts
- June | 5 Posts
- May | 5 Posts
- April | 5 Posts
- March | 4 Posts
- February | 3 Posts
- January | 4 Posts
2024 | 50 Posts
- December | 5 Posts
- November | 5 Posts
- October | 4 Posts
- September | 4 Posts
- August | 4 Posts
- July | 4 Posts
- June | 3 Posts
- May | 4 Posts
- April | 4 Posts
- March | 4 Posts
- February | 5 Posts
- January | 4 Posts
2023 | 55 Posts
- December | 4 Posts
- November | 4 Posts
- October | 3 Posts
- September | 4 Posts
- August | 5 Posts
- July | 4 Posts
- June | 4 Posts
- May | 4 Posts
- April | 5 Posts
- March | 4 Posts
- February | 7 Posts
- January | 7 Posts
2022 | 83 Posts
- December | 8 Posts
- November | 7 Posts
- October | 7 Posts
- September | 7 Posts
- August | 6 Posts
- July | 7 Posts
- June | 7 Posts
- May | 5 Posts
- April | 8 Posts
- March | 6 Posts
- February | 8 Posts
- January | 7 Posts
2021 | 70 Posts
- December | 5 Posts
- November | 7 Posts
- October | 5 Posts
- September | 6 Posts
- August | 6 Posts
- July | 6 Posts
- June | 6 Posts
- May | 5 Posts
- April | 5 Posts
- March | 6 Posts
- February | 5 Posts
- January | 8 Posts
2020 | 43 Posts
- December | 5 Posts
- November | 5 Posts
- October | 6 Posts
- September | 7 Posts
- August | 5 Posts
- July | 7 Posts
- June | 5 Posts
- May | 2 Posts
- April | 1 Posts

Financial News from Idaho Central Credit Union

June 15th, 2022 by Coldwell Banker Tomlinson

High Inflation Leads to Reduced Mortgage Applications

In recent months, high inflation (and higher mortgage rates) took a large toll on mortgage application volumes. Now, they've dropped to the lowest levels in 22 years. The rate hike has been implemented to fight against high inflation. According to the latest data from the Mortgage Bankers Association (MBA), average 30-year fixed rates rose 2.0% higher year over year.

Purchase applications are down 21% from last year at this time. Applications to refinance a loan have plunged a shocking 75% from one year ago. This year, MBA forecasts total mortgage originations to decline over 35% lower than last year. Analyst...

Click Here to Read More...

Categories: News

Tags: Boise, ID, Area Information, Coldwell Banker Tomlinson, New to Boise, For sellers, For Buyers, Caldwell, Eagle, Emmett ID, Garden Valley ID, Grand View ID, Kuna ID, Meridian ID, Middleton ID, Mountain Home ID, Nampa ID, Payette ID, Star ID

Related Markets: Boise, Caldwell, Eagle, Emmett, Garden Valley, Grand View, Kuna, Meridian, Middleton, Mountain Home, Nampa, Payette, Star

Agents Only Login Privacy Policy DMCA Notice ADA Accessibility

Posts from June 15th, 2022

Financial News from Idaho Central Credit Union

Login to My Homefinder

We have detected that you have cookies disabled.