Mortgage applications went into the holiday season with a strong start, according to data from the Mortgage Bankers Association (MBA).
Read More »CoreLogic: Mortgage Fraud to Reach $13 Billion by Year-End
After remaining relatively flat for about a year, mortgage fraud is on the rise again, according to CoreLogic.
Read More »As Fiscal Cliff Negotiations Drag On, Mortgage Rates Settle In
Fixed mortgage rates showed little signs of life in the last full week of November, hovering near record lows as markets show increased worry about the fiscal cliff.
Read More »Mortgage Applications Fall Slightly for Thanksgiving Week
Mortgage applications continued to decrease during the week of Thanksgiving, the Mortgage Bankers Association (MBA) reported.
Read More »Study: Borrowers Fail to Do Legwork when Researching Loans
A new study from Fannie Mae suggests that many Americans fail to do their homework when considering mortgage options.
Read More »Fannie Mae Revises Forecast in Light of Positive Developments
According to Fannie Mae, the fundamentals are set in place for a solid housing recovery. The GSE revised its housing forecast for this year and the next to reflect changes made in the housing market, including low interest rates, rising prices, and a healing labor market. Analysts for the company also note that there is an upside risk to their forecast, as "pent-up demand amid stronger household formation may result in stronger housing activity next year" than what's expected.
Read More »Fixed Rates Find New Lows for Second Week in a Row
Amid increases in new construction, homebuilder confidence, and existing home sales, Freddie Mac reported fixed mortgage rates reaching new record lows for the second week in a row. The average 30-year fixed-rate mortgage rate fell to 3.31 percent (0.7 point) over the week ending November 21. The 15-year fixed-rate mortgage also experienced a decline this week, falling from 2.65 percent to 2.63 percent (0.7 point), according to Freddie Mac's data.
Read More »Application Volume Falls in Mid-November
Mortgage application volume continues to seesaw week to week throughout November--this time falling, according to data from the MBA.
Read More »Report: Q3 Sees Boosted Gains on Sales, Elevated Buyback Requests
Banks continued to enjoy boosted earnings in the third quarter from increasingly strong gain-on-sale (GOS) margins.
Read More »NAHB: Home Affordability Increases in Q3
The NAHB revealed 74.1 percent of all homes sold in Q3 were affordable to families earning the U.S. median income.
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