Tag Archives: Purchase Loans

Mortgage loan originations showed a strong close for the first quarter as borrowers took more chances on the back of continued growth in interest rates, a report found.

Purchase loans are up and refis are down according to a recent report. Refis are down significantly over the past six months, while purchase loans are on the rise. Time to close is also narrowing for the month on both purchase and refi loans, averaging just 41 to 42 days per loan.

Strong demand has resulted in a steady increase in the number of purchase loans originated in the last two years.

The year 2016 was the best for housing since before the crash by nearly any measure. Unfortunately, according to Freddie Mac's latest outlook, housing is not likely to repeat its stellar year in 2017.

In the past year while mortgage interest rates have hovered near record lows, refinances have ruled the market. According to one analysis, that may be about to change.

Agency purchase loans became just a bit riskier in July 2015, climbing upward by 0.6 percentage points from the previous July and marking the seventh consecutive month with a year-over-year increase.

The Mortgage Bankers Association's (MBA) weekly measure of mortgage application numbers fell a seasonally adjusted 13.2 percent for the week ending February 13, the group reported Wednesday.

Mortgage applications, including both purchase and refinance volumes, fell a seasonally adjusted 9.0 percent week-over-week for the week ending February 6, the Mortgage Bankers Association (MBA) said Wednesday.

The Mortgage Bankers Association (MBA) said Wednesday that mortgage loan applications rose a seasonally adjusted 1.3 percent for the week ending January 30. It was the third increase of the month, following a minor holiday-adjusted drop the previous week.

The Mortgage Bankers Association reported Wednesday that total application activity, including purchase and refinance numbers, fell 3.2 percent on a seasonally adjusted basis for the week ending January 23. The decline also included an adjustment for the Martin Luther King holiday.