Nationally, mortgage credit availability was on the rise to close out 2021, hitting levels last seen in May 2021, yet 30% below pre-pandemic levels.
Read More »Mortgage Rates Shift to Kick Off New Year
Inflationary concerns, spurred by continued labor and supply chain issues, forced mortgage rates to jump by 0.23% this week, as rates rose across all mortgage loan types.
Read More »Jump in Rates Shutting Out Refi-Seekers
Despite overall mortgage app volume on the upswing to begin 2022, the rise in rates has dropped conventional refis to their lowest levels since January 2020.
Read More »Mortgage App Volume Slides to Close 2021
Continued supply concerns have forced more to reconsider their home purchases, as the year closed out with a decline in overall purchase apps.
Read More »A Tale of Two Lenders
In the new year, lenders must decide whether to maintain old business practices or to embrace change.
Read More »Mortgage Rates Reverse Course and Trend Downward
After a few weeks of increases, mortgage rates took a slight dive this week, falling to 3.05% as refis again picked up despite a downtick in overall mortgage app volume.
Read More »Mortgage Applications Tail Off to End 2021
A 3% decline in purchase applications was offset by a 2% rise in refi activity as overall mortgage application volume slid for the second consecutive week.
Read More »Existing-Home Sales Rise for Third Straight Month
A new report has found that eager home buyers are anticipating a rise in rates with home sales on the upswing in November.
Read More »Freddie Mac Survey: Ripples From the Fed Announcement
Federal Reserve Board Chair Jerome Powell has reinforced the Fed’s intent to accelerate its tapering actions, resulting in an upward climb in mortgage rates. Here’s what else Freddie Mac’s latest Mortgage Market Survey reveals.
Read More »Mortgage Applications Decline Week-Over-Week
After showing signs of gains, mortgage application volume fell this week, led by a slight drop-off in refi volume.
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