Tag Archives: mortgage bankers association

Bah humbug! Mortgage rates fall, but holidays curtail buyer demand

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It’s a slow time of year for homebuying, so it’s not surprising to Mortgage Bankers Association Chief Economist Mike Fratantoni that purchase applications didn’t jump last week. Continue reading →

Surveys show impact of mortgage ‘lock-in effect’ on seller psychology

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Harris Poll finds 71 percent of Americans would be hesitant to move due to economic uncertainty over concerns, such as interest rates, inflation or a recession. Continue reading →

Mortgage demand up for 3rd week in a row as rates continue to ease

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Economists forecast mortgage rates will continue to fall as Federal Reserve minutes suggest policymakers are preparing to wind down an aggressive campaign to fight inflation. Continue reading →

Homebuyer demand picks up again as mortgage rates retreat below 7%

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While purchase loan applications were up 4 percent week over week, there’s still “very little refinance incentive with rates so much higher than last year,” MBA economist says. Continue reading →

US hiring remains strong, but other sectors outpace real estate

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Real estate employers added about as many jobs in September as would normally be expected this time of year, despite the market downturn. Continue reading →

Slight dip in mortgage rates not enough to spark homebuyer demand

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Demand for purchase loans fell 1 percent last week compared to the week before, and was down 41 percent from a year ago, according to a new Mortgage Bankers Association survey released Wednesday. Continue reading →

Mortgage demand hits lowest level in 25 years as rates keep rising

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With a Fed meeting looming next week, rates on 30-year fixed-rate mortgages have surged well past the 7 percent threshold, a Mortgage Bankers Association survey released Wednesday shows. Continue reading →

Fannie, Freddie ordered to slash fees for many first-time homebuyers

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Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance Agency announced Monday. Continue reading →

Mortgage demand hits lowest level since 1997 as rates continue to rise

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Thirty-year, fixed-rate loans hit 6.982 percent on Oct. 13, a new 2022 high, according to an Optimal Blue Mortgage Market index. According to an index by Mortgage News Daily, rates were at 7.15 percent. Continue reading →