Tag Archives: mortgage credit

Buyers take rebound in mortgage rates in stride as lenders tighten

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Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs. Continue reading →

Mortgage rates hit 20-year high as demand ‘close to multi-decade’ low

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Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than two decades, according to the Mortgage Bankers Association’s weekly survey. Continue reading →

Homebuyer pessimism climbed to a new record high in September

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More than 8 in 10 Americans polled by Fannie Mae said it was a bad time to buy a home, and most weren’t expecting mortgage rates to come down anytime soon. Continue reading →

Refis ramp up as rates fall to 6.28% — but homebuyers stay on the fence

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Requests to refinance accounted for 31 percent of all loan applications last week, well below the past decade’s average of 58 percent. Continue reading →

New restrictions on Fannie, Freddie refis blamed for tighter mortgage credit

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Mortgage lenders tightened underwriting standards in June, undoing much of the easing seen over the last six months as initial fears about the long-term impacts of the pandemic began to wane. Continue reading →

Mortgage lending standards ease for refinances

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Mortgage lenders continued to ease underwriting standards in April, but only for borrowers who were refinancing. For both homebuyers and homeowners seeking to refinance, credit still remains tighter than before the pandemic, which helped pushed average… Continue reading →

Mortgage credit availability decreased 16.1% in March

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The Mortgage Bankers Association said the decrease is due to stricter lending standards and increased likelihood of loan forbearance and defaults. Continue reading →