Tag Archives: Joel Kan

Housing market slows despite record low interest rates

By Kelsey Ramírez | April 28, 2021 - 3:56 pm |April 28, 2021 Uncategorized

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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 opening up to more borrowers

By Kelsey Ramírez | April 9, 2021 - 12:37 am |April 9, 2021 Uncategorized

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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 →

Rising rates take toll on mortgage demand

By Matt Carter | March 31, 2021 - 7:02 pm |March 31, 2021 Uncategorized

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Although mortgage rates came down slightly after seven consecutive weeks of increases, applications for refinancing and purchase loans both fell more significantly. Continue reading →

Mortgage applications decrease 1%

By Lillian Dickerson | March 10, 2021 - 4:49 pm |March 10, 2021 Uncategorized

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Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into the spring season, according to the Mortgage Bankers Association. Continue reading →

Demand for mortgages continued in last week of May: MBA

By Veronika Bondarenko | June 3, 2020 - 2:44 pm |June 3, 2020 Uncategorized

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“High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,” Joel Kan of the Mortgage Bankers Association said. Continue reading →

Mortgage rates drop to 30-year low

By Lillian Dickerson | April 15, 2020 - 3:18 pm |April 15, 2020 Uncategorized

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The average contract interest rate for 30-year fixed-rate mortgages dropped to 3.45 percent from 3.49 percent, its lowest level since the Mortgage Bankers Association began its weekly survey. Continue reading →

JPMorgan Chase tightens mortgage lending standards amid uncertainty

By Patrick Kearns | April 13, 2020 - 1:57 pm |April 13, 2020 Uncategorized

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The lender will require a 700 credit score and 20 percent down for mortgages. Continue reading →

Mortgage applications surge along with refis

By Lillian Dickerson | April 1, 2020 - 5:22 pm |April 1, 2020 Uncategorized

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Mortgage applications activity increased by 15.3 percent and the refinance index increased 26 percent during the week ending March 27. Continue reading →

Mortgage applications reach highest volume since 2013

By Lillian Dickerson | February 5, 2020 - 5:15 pm |February 5, 2020 Uncategorized

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The Mortgage Bankers Association announced Wednesday that the Market Composite Index reached its highest level last week since May 2013. Continue reading →