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
Applications for purchase loans and refinancings climbed as mortgage rates eased to the lowest levels since early May, according to the Mortgage Bankers Association. Continue reading
Demand for mortgages slipped last week as requests to refinance slowed, outweighing the impact of a slight increase in purchase loan applications. Continue reading
After adjusting for seasonal patterns, requests for purchase loans were down 3 percent from the week before, and 2 percent from a year ago. Continue reading
Demand for purchase mortgages was up a seasonally adjusted 2 percent from the week before but down slightly from a year ago. Continue reading
Applications for mortgage purchase loans fell for the second week in a row at the end of April, according to the Mortgage Bankers Association’s weekly mortgage application survey. Continue reading
The housing market continued to slow this week even as interest rates remain below 3 percent. MBA Economist Joel Kan explains why. Continue reading
Mortgage credit availability increased in March, opening the mortgage market up to more borrowers. This was driven by an improving economy and job market recovery. Continue reading
Although mortgage rates came down slightly after seven consecutive weeks of increases, applications for refinancing and purchase loans both fell more significantly. Continue reading