As major lenders start releasing their second-quarter earnings reports, Fitch Ratings anticipates future filings will show the impact of higher interest rates on banks' mortgage earnings.
Read More »New Survey Forecasts Decline in June New Home Sales
The Mortgage Bankers Association (MBA) released another new monthly survey measuring mortgage loan application activity on new single-family properties for lenders affiliated with homebuilders.
Read More »Mortgage Application Volume Continues to Sink
The Mortgage Bankers Association (MBA) reported another weekly drop in applications to start July.
Read More »Analysts Bullish on Originations Despite Interest Rate Spikes
In a commentary released Tuesday, analysts at FBR Capital Markets pointed to market trends and recent events as evidence that origination volumes should remain elevated.
Read More »Refinance Applications Down 29.5% in June, Purchase Volume Climbs
According to data taken from the Mortgage Bankers Association (MBA) and compiled by Capital Economics, total application volume plummeted 22.5 percent in June.
Read More »Refinance Applications Fall as Rates Rocket
Mortgage applications continued to fall last week following a sizable spike in interest rates, the Mortgage Bankers Association (MBA) reported in its Weekly Mortgage Applications Survey. The Refinance Index fell 5 percent from the previous week, dipping to its lowest level since November 2011. The refinance share of total mortgage activity also declined, falling to 67 percent--the lowest level since July 2011. Meanwhile, the seasonally adjusted Purchase Index actually rose, increasing 2 percent.
Read More »Analysts: Short-Term Shaky for Originators, Long-Term Prospects Solid
Though rising mortgage rates and the current supply and demand situation present short-term difficulties for originators, Deloitte says the long-term picture is rosier.
Read More »Freddie Mac: Increasing Rates Won’t Shut Down Recovery
Freddie Mac maintains in its latest U.S. Economic and Housing Market Outlook that rising mortgage rates shouldn't have a significant impact on housing affordability or the recovery for the time being.
Read More »Mortgage Applications Resume Downward Spiral
After coming back for a short period, mortgage applications resumed their downward trend in June's second week, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The Market Composite Index, a measure of loan application volume, fell 3.3 percent on a seasonally adjusted basis for the week ending June 14. On an unadjusted basis, the index dropped 4 percent compared with the previous week. At the same time, mortgage rates continued to increase.
Read More »Economy, Housing Continuing on Slow Track to ‘Normal’
While fiscal headwinds have held back economic growth, Fannie Mae maintains in its newest outlook that the recovery should pick up the pace in the year's second half.
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