Tag Archives: Joel Kan

Drop in mortgage rates spurs refis, but not home sales

By Matt Carter | July 28, 2021 - 11:01 am |July 28, 2021 Uncategorized

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With rates on 15-year mortgages hitting a record low, requests to refinance accounted for two-thirds of mortgage applications. Continue reading →

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

By Matt Carter | July 16, 2021 - 9:11 pm |July 16, 2021 Uncategorized

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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 →

Dip in rates boosts demand for mortgages

By Matt Carter | July 14, 2021 - 7:54 pm |July 14, 2021 Uncategorized

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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 →

Rising home prices boost demand for jumbo mortgages

By Matt Carter | July 12, 2021 - 9:55 pm |July 12, 2021 Uncategorized

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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 →

Purchase loan demand up again, bucking increase in mortgage rates

By Matt Carter | June 23, 2021 - 11:00 am |June 23, 2021 Uncategorized

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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 →

Demand for mortgages rebounds after 3 weeks of declines: MBA

By Matt Carter | June 16, 2021 - 1:45 pm |June 16, 2021 Uncategorized

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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 →

Mortgage applications slump as demand for refinancing wanes

By Matt Carter | June 9, 2021 - 11:00 am |June 9, 2021 Uncategorized

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Demand for mortgages slipped last week as requests to refinance slowed, outweighing the impact of a slight increase in purchase loan applications. Continue reading →

Demand for mortgages lowest since before the pandemic

By Matt Carter | June 2, 2021 - 4:05 pm |June 2, 2021 Uncategorized

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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 loans up for second time in May

By Matt Carter | May 26, 2021 - 11:00 am |May 26, 2021 Uncategorized

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Demand for purchase mortgages was up a seasonally adjusted 2 percent from the week before but down slightly from a year ago. Continue reading →

Weaker mortgage demand tied to low inventory, higher prices

By Matt Carter | May 5, 2021 - 5:51 pm |May 5, 2021 Uncategorized

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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 →