Mortgage rates and home sales are expected to rise in 2018 according to the latest economic and housing outlook by Fannie Mae. The report expects mortgage rates to ...
Read More »Mortgage Credit Availability Increased in January
Mortgage credit availability increased by 2.1 percent to 182.9 points in January according to the Mortgage Credit Availability Index (MCAI) data released on Tuesday. The MCAI, a report ...
Read More »Survey Says: Rates Going Up
December saw a bump in interest rates. A national survey found that mortgage interest rates and loan amounts both went up at the end of 2017. Could January continue this trend?
Read More »Inventory and Affordability Issues Soften Existing Home Sales Growth
Existing home sales slipped 3.6 percent to 5.57 million in December from a downwardly revised 5.78 million in November 2017, according to the monthly existing home sales report ...
Read More »How Will a Government Shutdown Affect the Mortgage Industry?
The mortgage industry is likely to see some immediate and far-reaching effects if the Senate does not reach enough votes to extend the Federal Budget to February 16.
Read More »Lenders, It’s Time to Educate Borrowers on Mortgage Innovation
New and experienced homebuyers feel that the mortgage industry lacks innovation, even as many look at closing a mortgage entirely online without help from a mortgage professional.
Read More »Mortgage Applications Start the Year Right
Mortgage loan applications rose 8.3 percent in the first week of January, reflecting an optimistic housing market.
Read More »Falling Treasury Yields Drive Mortgage Rates Down
Average mortgage rates dropped at the start of the year according to a survey released by Freddie Mac.
Read More »Up, Up and Away
Mortgage rates are on the rise yet again, according to a new Index released this morning. How far can they go?
Read More »Potential Buyers Step Back Even as Mortgage Rates Decline
Potential buyers could be taking a temporary step back from the housing market as the volume of mortgage applications declines even though fixed and adjustable rates continue to fall. Yet, even taking into account the current decline, mortgage rates remain higher than they were a year ago. The average loan size for applications that have been pushed through has also reached a new high.
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