Tag Archives: mortgage bankers association

The US economy’s run stalls, but real estate forges ahead

By | | Uncategorized
Comments Off on The US economy’s run stalls, but real estate forges ahead

The nation’s gross domestic product shrank in the first three months of 2022, overshadowing a strong period for residential investment. Continue reading →

Zillow changes tune on 2023 home values and sales. Here’s why

By | | Uncategorized
Comments Off on Zillow changes tune on 2023 home values and sales. Here’s why

Zillow now expects home value growth to reach 14.9% through March 2023, down from its previous estimate of 16.5% growth. What’s with the downgrade? Continue reading →

Rising home prices expected to drive record purchase loan volume

By | | Uncategorized
Comments Off on Rising home prices expected to drive record purchase loan volume

High home prices are expected to drive a record $1.72 trillion in purchase mortgage originations in 2022, even though rising mortgage rates could put a dent in sales of existing homes, according to the Mortgage Bankers Association. Continue reading →

Mortgage rates surge to 5% as era of the ultra-cheap loan begins to fade

By | | Uncategorized
Comments Off on Mortgage rates surge to 5% as era of the ultra-cheap loan begins to fade

After hovering near 3 percent for nearly two years, mortgage rates have rebounded faster than expected. But amid uncertainty, economists are divided on whether 5 percent rates are here to stay. Continue reading →

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

By | | Uncategorized
Comments Off on Drop in demand for mortgage refinancing hints at what’s to come

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

By | | Uncategorized
Comments Off on Rising mortgage rates may be pressuring borrowers off the fence

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 →