Tag Archives: Mike Fratantoni

Rising mortgage rates not deterring spring homebuyers

By Matt Carter | March 30, 2022 - 11:00 am |March 30, 2022 Uncategorized

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Despite rising rates, purchase mortgages applications were up 1 percent during the week ending March 25, according to a weekly survey by the Mortgage Bankers Association. Continue reading →

Homebuyer demand sags as mortgage rates continue to rise

By Matt Carter | October 20, 2021 - 10:38 pm |October 20, 2021 Uncategorized

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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 →

With protections lifting, improvement in forbearance numbers slows

By Matt Carter | August 24, 2021 - 1:57 pm |August 24, 2021 Uncategorized

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The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association. Continue reading →

Drop in mortgage rates not enough to spur homebuyers

By Matt Carter | August 4, 2021 - 8:31 pm |August 4, 2021 Uncategorized

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Although rates eased for the most popular type of mortgage among homebuyers — the 30-year fixed-rate conforming loan — rates for jumbo mortgages, FHA loans and adjustable-rate mortgages were up slightly. Continue reading →

Rising home prices may be crimping demand for purchase mortgages

By Matt Carter | June 30, 2021 - 4:58 pm |June 30, 2021 Uncategorized

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Demand for purchase mortgages fell last week to the lowest level since May 2020, which could be a sign first-time homebuyers are getting squeezed out of the market. Continue reading →

Fed will keep buying mortgage bonds — for now

By Matt Carter | June 16, 2021 - 7:37 pm |June 16, 2021 Uncategorized

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Tapering could happen sooner rather than later, with most policymakers open to short-term rate hikes in 2023. Continue reading →

Share of mortgages in forbearance continues to dwindle

By Matt Carter | May 17, 2021 - 8:08 pm |May 17, 2021 Uncategorized

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About 2.1 million homeowners remain in forbearance, and close to half of those borrowers haven’t made a payment in more than a year. Continue reading →

End of mortgage payment relief looms for 2.2M homeowners

By Matt Carter | May 10, 2021 - 10:38 pm |May 10, 2021 Uncategorized

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Many homeowners who were granted forbearance during the pandemic are scheduled to hit 18-month program eligibility limit at the end of September. Continue reading →

Bad jobs report could hold silver lining for housing

By Matt Carter | May 7, 2021 - 8:13 pm |May 7, 2021 Uncategorized

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The Fed now has justification to keep a tight lid on interest rates. But some fear that if employers are forced to raise wages too quickly, that could spark inflationary pressures and spook bond investors. Continue reading →

Purchase mortgage originations to hit a new record in 2021

By Kelsey Ramírez | April 22, 2021 - 5:52 pm |April 22, 2021 Uncategorized

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The MBA announced Thursday at its Spring Conference and Expo 2021 that purchase originations are on track to grow 16.4 percent to a new record of $1.67 trillion in 2021. Continue reading →