- Mortgage loan applications decline for third consecutive week.
- Purchase loan applications decline for fifth consecutive week.
- 30-year fixed-rate mortgage eased only slightly in the last week.
Introducing
Kathleen Stephansen, CBE
in:Our Authors
Kathleen Stephansen is a Senior Economist for Haver Analytics and an Independent Trustee for the EQAT/VIP/1290 Trust Funds, encompassing the US mutual funds sponsored by the Equitable Life Insurance Company. She is a former Chief Economist of Huawei Technologies USA, Senior Economic Advisor to the Boston Consulting Group, Chief Economist of the American International Group (AIG) and AIG Asset Management’s Senior Strategist and Global Head of Sovereign Research. Prior to joining AIG in 2010, Kathleen held various positions as Chief Economist or Head of Global Research at Aladdin Capital Holdings, Credit Suisse and Donaldson, Lufkin and Jenrette Securities Corporation.
Kathleen serves on the boards of the Global Interdependence Center (GIC), as Vice-Chair of the GIC College of Central Bankers, is the Treasurer for Economists for Peace and Security (EPS) and is a former board member of the National Association of Business Economics (NABE). She is a member of Chatham House and the Economic Club of New York. She holds an undergraduate degree in economics from the Universite Catholique de Louvain and graduate degrees in economics from the University of New Hampshire (MA) and the London School of Economics (PhD abd).
Publications by Kathleen Stephansen, CBE
USA| Feb 28 2024U.S. Mortgage Applications Fell Again in the Latest Week
USA| Feb 07 2024U.S. Mortgage Applications Rose in the Latest Week
- Applications for loans to purchase eased in the latest week.
- Applications to refinance a loan jumped 12.3%.
- The effective 30-year fixed rate was steady in the latest week.
USA| Jan 25 2024U.S. Jobless Claims Rebounded in The January 20 Week
- January 20 week’s initial claims up 25,000.
- Continuing claims up 27,000 in January 13 week.
- Insured unemployment rate steady at 1.2%.
USA| Jan 17 2024U.S. Mortgage Applications Rose Sharply in the Latest Week
- Total mortgage applications surged 10.4% in the week ended January 12.
- Applications for loans to purchase and to refinance also posted strong rises.
- The average effective rates on fixed-rate loans dropped in the latest week.
USA| Jan 11 2024U.S. Jobless Claims Inched Down in the January 6 Week
- Latest week’s initial claims lower than forecast.
- December 30 week’s continuing claims down 34,000 from prior week.
- Insured unemployment rate at 1.2%, down slightly from prior week’s 1.3%.
USA| Jan 10 2024U.S. Mortgage Applications Rebounded in the First Week of 2024
- Total mortgage applications rose sharply in the first week of January.
- Applications for loans to purchase and to refinance also rose in the first week of 2024.
- The average effective rates on loans started the year higher than the last week in December.
USA| Jan 04 2024U.S. Jobless Claims Down 18,000 in December 30 Week
- Latest week’s initial claims lower than forecast.
- December 23 week’s continuing claims down 31,000 from prior week.
- Insured unemployment rate at 1.2%, down slightly from prior week’s 1.3%.
USA| Jan 03 2024U.S. Mortgage Applications Dropped in the Last Week of 2023
- Total mortgage applications dropped 9.4% in the week of December 29 from 2 weeks earlier.
- Applications for loans to purchase and to refinance also dropped in the last week of 2023.
- The average effective rates on loans ended the year lower than 2 weeks prior.
USA| Dec 20 2023U.S Mortgage Applications Took a Breather in The Latest Week
- Mortgage applications declined by 1.5% in the December 15 week.
- Mortgage applications for both loans to purchase and to refinance posted small weekly declines.
- Effective mortgage interest rates dropped in the latest week, with the 30-year fixed rate down 23bps, the eighth consecutive weekly decline.
USA| Dec 13 2023U.S Mortgage Applications Jumped in The Latest Week
- Mortgage applications jumped 7.4% in the December 8 week.
- Mortgage applications for loan refinancing soared 19.4%.
- Effective mortgage interest rates dropped in the latest week, with the 30-year fixed rate down 11bps, the seventh consecutive weekly decline.
- Applications for loans refinancing provided support for overall mortgage applications in the December 1 week.
- Effective interest rates fell in the latest week, with the 30-year fixed rate dropping 20bps.
- The average size of mortgage loans declined in the latest week.
USA| Nov 30 2023U.S. Jobless Claims Inched Up in November 25 Week
- Initial claims in the latest week are up 7,000.
- Continuing claims reached the highest level since November 2021.
- Insured unemployment rate up slightly to 1.3%.
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