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Overall Mortgage Applications Down, With Refi Share on Weeks-Long Decline
October 20th, 2021
Mortgage applications decreased 6.3% for the week ending Oct. 15, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Key takeaways: – The Market Composite Index, a measure of mortgage loan application volume, decreased 6.3% on a seasonally...
2021 State of Housing in Black America, Agents, NAREB, National Association of Real Estate Brokers, Brokers, Diversity, Discrimination, Homeownership Gap, Lending, real estate news, Black Homeownership, Fair Housing, Real Estate, Industry News, Housing Market, Best Practices, Teams, National, Latest News, News
Fair Housing Isn’t Enough: Report Shows Racial Disparity Fight Still Needs Support
November 24th, 2021
Overall, overt housing discrimination has lessened through the years following regulations guided by Fair Housing laws; however, it is nowhere near completely dissipated. And while some may not be able to identify it in their day to day, the diversity...
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CFPB Issues Final Rule to Facilitate LIBOR Transition
December 13th, 2021
The Consumer Financial Protection Bureau (CFPB) recently finalized a rule facilitating the transition away from the LIBOR interest rate index for consumer financial products. The rule establishes requirements for how creditors must select replacement indices for existing LIBOR-linked consumer loans...
Financing, Lending, real estate news, Industry News, Mortgage Rates, Freddie Mac, Mortgage, Interest Rates, National, Latest News, News
Mortgage Rates Moving Sideways Into 2022
December 30th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.11% for the week ending Dec. 30, 2021, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. Mortgage details: – The 30-year fixed-rate mortgage averaged 3.11% with an average 0.7 point,...
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Mortgage Applications Up in November, With Refis Making Up More Than Half of the Share
November 26th, 2021
Mortgage applications increased 1.8% for the week ending Nov. 19, 2021, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The refinance share of mortgage activity increased to 63.1% of total applications from 62.9% the previous week. The...
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Rate Locks Down in November, Refinance Mix Lowest Since June 2021
December 14th, 2021
Overall rate locks decreased 4.7% from October, primarily driven by a 9.4% dip in rate/term origination activity, according to the most recent Black Knight, Inc. Originations Market Monitor report, which analyzed mortgage origination data through November 2021. Key findings: Rate/term refinance lending has...
Agents, Brokers, Financing, Lending, real estate news, Refinance, MBA, Real Estate, Mortgage Applications, Mortgage Bankers Association, Industry News, Mortgage, Consumer, Teams, National, Latest News, News
Mortgage Applications Down for the Holidays
January 5th, 2022
Mortgage applications decreased 2.7% from two weeks earlier for the week ending Dec. 31, 2021. According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, the Market Composite Index, which measures the mortgage loan application volume, decreased 2.7% on...
Financing, Mental Health, Lending, real estate news, Guaranteed Rate, Real Estate, Industry News, Mortgage, National, Latest News, News
Guaranteed Rate Raises More than $5 Million to Support Mental Health
November 29th, 2021
Guaranteed Rate has announced it raised more than $5 million in just five days to make a direct impact on mental health in partnership with the American Foundation for Suicide Prevention, Project Healthy Minds and Wounded Warrior Project® (WWP). “One...