Tag Archives: Mortgage Bankers Association

Homeowners may be eligible for a tax credit for a portion of their previously paid mortgage interest, according to recent report that states mortgage credit availability has seen a slight increase in multiple component indices.

The 2017 Quarterly Mortgage Bankers Performance Report for Q1 was released on Tuesday and reported that independent mortgage banks were having a rough start in the first quarter of 2017. Per loan, gains and production costs are down, resulting in lower net profits. Q1 was also a record breaking quarter for two statistics since its inception in 2008.

According to the latest Mortgage Bankers Association weekly survey ending May 31, 2017, mortgage applications decreased since last week’s report. The Market Composite Index, a measure of mortgage ...

As previously predicted, mortgage rates reacted to the recent drop in the Treasury yield, falling this week to a 2017 low. However, these low rates may soon bounce back, with 30 percent of mortgage professionals polled predicting that next week will see a rise in rates. For now, the industry is experiencing an increase in loan applications as applicants move to take advantage of the favorable market.

Stock market and Treasury yield volatility continued last week and so did the downward trend of mortgage rates, which opened up more opportunities for refinancing, but mortgage applicants did not take advantage of theses savings.

Mortgage interest rates have continued to decline to historical lows and have not motivated buyers to apply for a mortgage loan, but for the first time in two months, mortgage interest rates have moved up. Will this drive potential homebuyers further away from the housing market?

Mortgage interest rates continue to decline to historical lows, but this phenomenon is not motivating homebuyers to purchase a home.

In the last month of 2015, applications for new home purchases took a chill pill and decreased month-over-month. Could this be what economists meant by slow growth headed into 2016?

Shortly after the Federal Reserve's decision to raise the federal funds rate in December 2015, mortgage applications started to fall. Is the Federal Reserve's rate hike to blame or was it really just a seasonal drop off?

At the forefront of that charge is a group of high-level industry professionals that has moved back and forth between the public and private sectors since the housing crisis in 2008. Is a conflict of interest brewing?