Tag Archives: mortgage bankers association

Drop in demand for mortgage refinancing hints at what’s to come

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Applications to refinance fell 41 percent from a year ago as rates increased for the third week in a row, according to The Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Continue reading →

Rising mortgage rates may be pressuring borrowers off the fence

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Purchase loans were up 5 percent last week and applications by homeowners to refinance existing mortgages were up 0.4 percent week over week, according to the Mortgage Bankers Association. Continue reading →

Homebuyer demand sags as mortgage rates continue to rise

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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 →

Mortgage rates for home loans hit highest levels since June

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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 wildfires on rise, these 5 states bear more risk than California

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A new report from CoreLogic finds that the typical home in Wyoming is nearly three times as likely to go up in flames as one in California. Continue reading →

Demand for mortgages cools as rates bounce back to July levels

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An uptick in mortgage rates following last week’s Federal Reserve meeting cooled demand for both purchase mortgages and refinancing, particularly for government-backed FHA, VA and USDA loans. Continue reading →

Housing industry ‘will not be spared’ by climate change: MBA

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Extreme weather could strain flood insurance to breaking point, undermine home prices, and drive mortgage defaults, according to the Mortgage Bankers Association. Continue reading →