Tag Archives: Mortgage Bankers Association (MBA)

Rates below the 3% mark continue to feed the refi frenzy, as increases were found in both purchase apps and refinances over the previous week.

After a slight rise last week, mortgage rates have plateaued as a shift in inventory and pricing is offering more choices for buyers, along with more approachable prices.

After a slight uptick last week, mortgage application volume fell this week, as rates began to rise and fear over rising COIVD cases overshadowed strong jobs reports.

With rates continuing to linger below the 3% mark and job growth showing prolonged gains, mortgage applications are picking up steam, led by a high in refi volume not seen since February.

Industry veteran officially named to new role after serving in an interim capacity since late February.

Purchase apps have fallen slightly, however homeowners nationwide continue to jump into the refi market with rates falling to record low territory.

MReport had a chance to chat with Lisa Springer of STRATMOR Group about the shift taking place as the mortgage market adapts in a post-pandemic world.

Even with rates still below the 3% mark, purchase applications slid week-over-week, as affordability issues continue to factor into homebuyers’ decision-making process.

On the eve of the expiration date protecting Americans from COVID-related foreclosures and evictions, the FHA and FHFA have extended measures to keep those at-risk safely and securely housed through September 30, 2021.

After falling incrementally over the past month, mortgage rates climbed yet remained below the 3% mark for the fifth consecutive week.