Rate Locks Ticking Up As Mortgage Rates Fall
As mortgage rates fall, prospective homebuyers have been locking in rates when looking for a home while current homeowners have been scouting out refinances at the highest rate in nearly two years.
Research: Mortgage App Rejection More Likely for Older Adults
Older adults are more likely to see their mortgage applications rejected compared to applicants in other age groups, according to recent research, but the rejections might not point to lender discrimination.
Take Equity Without Refinancing
With loan costs rising to their highest levels in more than two years, time may have run out on many homeowners thinking about refinancing. But could they turn to HELOCs to pay for things like renovations, instead?
FHFA Spikes Adverse Market Fee
The Federal Housing Finance Agency is offering a weekend present to loan originators looking for refinance business this summer by announcing the end to its Adverse Market Fee.
Refi Applications Fall Again for Third Week
Mortgage refinance applications across the country continued to decrease in August, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Refi Applications Continue to Fall
Mortgage refinance applications across the country decreased for the second week in a row, according to data from the Mortgage Bankers Association.
Mortgage Refinancing Drops Despite Record Low Rates
Despite record low mortgage rates, refinance activity across the country dropped last week, according to the Mortgage Bankers Association’s latest survey.
Mortgage Applications Rise, Forbearances Decrease
Purchase mortgage applications across the country rose last week, while the share of mortgages in forbearance has dropped, according to the Mortgage Bankers Association’s latest surveys.
Refi, Purchase Apps Jump in Latest MBA Survey
The number of applications for purchase and refinance mortgages nation-wide jumped last week while growth in the number of loans in forbearance continued to slow according to a pair of new surveys from the Mortgage Bankers Association.
Purchase Mortgage Apps Close in on 2019 Levels
Purchase mortgage applications across the country are now only 1.5 percent off the same week one year ago according to the Mortgage Bankers Association’s latest survey.
Mortgage Apps Plunged as Coronavirus Hit in Force
Last week was the first where the coronavirus suddenly became very real for much of America, and it shows in mortgage application data from the Mortgage Bankers Association.
Mortgage Bankers Association Doubles Refi Forecast
The Mortgage Bankers Association has revised its 2020 forecasts for mortgage activity as a result of last week’s drop in interest rates to a 30-year low.
MBA Forecasts Big Drop in Mortgage Lending After June 2020
The Mortgage Bankers Association announced Tuesday that it expects purchase originations to increase 1.6 percent to $1.29 trillion in 2020. After a surge in activity in 2019, MBA anticipates refinance originations will slow next year, decreasing by 24.5 percent to $599 billion.
