A slowdown in refinances and purchase mortgage loans drove overall applications down this week, according to the Weekly Mortgage Applications Survey from the Mortgage Bankers Association.
Read More »Refi Share Makes Comeback in January
Based on a sample of loans originated on the company's platform, Ellie Mae reported that refinances accounted for 51 percent of loan volume in January, a jump of 8 percentage points from December. The spike put refinance share at its highest in more than a year and a half.
Read More »Mortgage Applications See Another Drop as Interest Rates Rise
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.
Read More »Study: One in Three FHA Borrowers Could Save Money Refinancing
More than one in three homeowners with mortgages backed by the Federal Housing Administration (FHA) could stand to save money by refinancing now that the agency has lowered its annual mortgage insurance premium, according to a study released by the Urban Institute (UI).
Read More »Mortgage Applications Reverse Course as Interest Rates Tick Up
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.
Read More »2014 Refinancers Expected to Save $5 Billion This Year
The refinance boom may be losing steam, but near-record low mortgage rates encouraged more borrowers to refinance in Q4, according to Freddie Mac's 2014 Q4 Refinance Report released Wednesday. Mortgagors who refinanced their loans in 2014 are projected to save on net a total of about $5 billion in interest over the next year, according to the report.
Read More »Mortgage Applications Rise to End January
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.
Read More »Mortgage Apps Slip as Interest Rates Rise
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.
Read More »Purchase Mortgage Share Gains Ground in December
Calculating from a sampling of mortgage applications initiated on its Encompass platform, technology provider Ellie Mae estimated this week that home purchase mortgages accounted for 56 percent of lending activity last month, up from 54 percent in November.
Read More »Mortgage Applications Rise on Lift in Refinances
The Mortgage Bankers Association's (MBA) weekly applications index climbed a seasonally adjusted 14.2 percent on a weekly basis for the week ending January 16, the group said Wednesday. The increase, which followed a 49 percent jump the week prior, put applications at their highest level since June 2013.
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