Tag Archives: Mortgage Bankers Association (MBA)

Continued elevated demand and the high cost of building materials are impacting mortgage applications for new homes for the second consecutive month.

Freddie Mac has found that rates are on the slide for the second consecutive week, dipping further below the 3% mark.

After three weeks of declines, mortgage applications have reversed course, as rates still linger in the purchase and refi-friendly 3% range.

The dog days of summer bring with them the start of a reversal in the home sale market, with record high asking prices forcing more prospective buyers back to the sidelines.

After experiencing strength in distributed retail originations, national lender adds 20-plus-year veteran to its team to lead its Distributed Retail Sales Division.

With the U.S. economy on the rise, mortgage rates slipped further below the 3% mark, but high prices and short supply continue to force down application volume.

Five Star’s 2021 Government Forum: A Virtual Event assembled leaders from the mortgage space and regulators for a day of topical discussions and sessions shedding insight into what lies ahead for mortgage professionals as they emerge from the pandemic.

Even with rates bordering the 3% mark, both purchase applications and refi volume saw slight declines this week with the continued cloud of low inventory and high prices factoring into homebuyer’s decisions.

Rates climbed slightly this week, but remain in refi-friendly territory as the struggle between low supply and high demand continues in the housing market nationwide.

Contrary to the fact that homes remain in demand, tight supply and a rise in listing prices are driving down mortgage application volume.