Mortgage rates fell to 2.92% this week, down from 2.99% the week previous, according to new Mortgage Bankers Association data released Wednesday
by Patrick Kearns Nov 25
The unemployment rate declined to 6.9%, according to the Bureau of Labor Statistics, but the country as a whole is still down about 10M jobs since February's pre-pandemic levels
by Lillian Dickerson Nov 6
Refinances accounted for 43% of all closed loans for millennials in September, according to a new analysis by ICE Mortgage Technology
by Patrick Kearns Nov 4
The number of renters and homeowners able to make payments during the third quarter of 2020 improved slightly from the second quarter, but remained relatively high overall, according to the Mortgage Bankers Association's Research Institute for Housing America
by Lillian Dickerson Oct 16
A dip in prime age participation typically goes hand-in-hand with slower wage growth, according to Odeta Kushi, the deputy first economist at First American
by Patrick Kearns Oct 2
Mortgages in forbearance decreased from 6.93% of servicers' portfolio volume to 6.87% during the week ending Sept. 20, according to the Mortgage Bankers Association
by Lillian Dickerson Sep 29
Renters were much more likely than homeowners to struggle with monthly payments, according to a new Mortgage Bankers Association report
The volume of mortgage applications declined 2.5% for the week ending Sept. 11, 2020, according to the Mortgage Bankers Association's weekly survey, released Wednesday
by Lillian Dickerson Sep 16
As Congress continues to be at a standstill in passing a second stimulus bill to support Americans who have become unemployed as a result of the pandemic, it's likely forbearance rates could increase in upcoming weeks
by Lillian Dickerson Sep 14
The market composite index, which measures mortgage loan application volume, increased by 2.9% on a seasonally adjusted basis. On an unadjusted basis, the index rose by 2.0%
by Lillian Dickerson Sep 9
Three chief economists share how FHA homeowners have been disproportionately impacted by 2020's coronavirus-induced unemployment boom and what it means for next year's market
by Marian McPherson Sep 4
After 10 consecutive weeks of mortgage loans in forbearance showing declines, the total number of loans in forbearance appears to have flattened out at 7.2%
by Lillian Dickerson Sep 1
The fee will no longer apply to refinance loans with balances below $125,000 or to the government-sponsored enterprises' affordable refinance products
by Andrea V. Brambila Aug 27
Purchase applications are up 33% compared to a year ago — the 14th straight week of annual gains — according to a new survey from the Mortgage Bankers Association
by Andrea V. Brambila Aug 26
Despite the positive trend, the Mortgage Bankers Association estimates 3.6 million homeowners are in forbearance plans
by Patrick Kearns Aug 25