Refinance

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...

Mortgage Applications Up but Refinance Interest Waning

October 27th, 2021
Mortgage applications increased 0.3% from one week earlier for the week ending Oct. 22, 2021. According to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, the Market Composite Index, a measure of mortgage loan application...

Mortgage Applications Fall, With Refinance Incentives Down

December 1st, 2021
Mortgage applications decreased 7.2% for the week ending Nov. 26. According to the latest data from the Mortgage Bankers Association (MBA), the Market Composite Index, which measures the volume of mortgage loan applications, decreased 7.2% on a seasonally adjusted basis...

Mortgage Applications Increased Following Rate Declines

December 8th, 2021
Mortgage applications increased 2.0% for the week ending Dec. 3, 2021, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The findings: The Market Composite Index, a measure of mortgage loan application volume, increased 2.0% on a...

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...

FHFA Releases Q3 2021 Foreclosure Prevention and Refinance Report

December 27th, 2021
The Federal Housing Finance Agency (FHFA) recently released its third quarter 2021 Foreclosure Prevention and Refinance Report​. The report shows that Fannie Mae and Freddie Mac completed 180,566 foreclosure prevention actions during the quarter, raising the total number of homeowners who...

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...

Mortgage Rates Remain Flat

January 27th, 2022
After a month of rising mortgage rate increases, this week’s data shows a flattening, according to Freddie Mac’s Primary Mortgage Survey. The rate increases have not significantly impacted demand in the real estate market, although gradual increases are expected to...

Uptick in Employee Cuts Expected in Lending Industry Amid Refi Drop

February 7th, 2022
After two years of an uncanny housing boom, forecasts are pointing toward a more stabilized housing market for 2022 as mortgage rates continue to climb along with home prices. While the return to seasonality hasn’t worried real estate professionals who...

Don’t Know Your Mortgage Rate? You Could Be Costing Yourself Thousands

July 22nd, 2018
(TNS)—Not knowing your mortgage rate can be an expensive mistake, especially in this rising interest rate market. Yet nearly three in 10 mortgage holders (29 percent) either didn’t know their mortgage rate or wouldn’t say, according to a survey by...
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