Second straight week of increases in purchase loan applications following rate reversal suggests stronger sales activity in the weeks to come, according to the Mortgage Bankers Association. Continue reading
Most of the decline in mortgage rates came later in the week, too late to prevent demand for refinancing from dropping to the lowest level since January 2020. Continue reading
With the Federal Reserve expected to begin tapering its purchases of mortgage-backed securities as soon as November, market forces are pushing mortgage rates higher. Continue reading
Purchase loan applications rose 2 percent week over week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, released Wednesday. Continue reading
With low for-sale inventory keeping home price appreciation in many markets at record highs, the jump in FHA purchase applications is potentially a sign that more first-time buyers are finding purchase options despite the high prices. Continue reading
With rates on 15-year mortgages hitting a record low, requests to refinance accounted for two-thirds of mortgage applications. Continue reading
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
Last week’s dip in mortgage rates boosted applications for purchase loans and revived interest in refinancing, according to a weekly survey of lenders by the Mortgage Bankers Association. Continue reading
Record-breaking home price appreciation is changing borrower behavior and the make-up of the mortgage market, said Black Knight Secondary Marketing Technologies President Scott Happ. Continue reading
Demand for purchase loans was up for the third week in a row last week, even as mortgage rates surged to the highest level in a month, according to a weekly survey by the Mortgage Bankers Association. Continue reading