Purchase mortgage demand up 4th week in a row as rates fall
Without adjustment for seasonal factors, demand for both purchase loans and refinancing remains at their lowest levels since 2000, according to MBA lender survey
by Matt Carter Nov 30
Mortgage demand up for 3rd week in a row as rates continue to ease
Economists forecast mortgage rates will continue to fall as Federal Reserve minutes suggest policymakers are preparing to wind down an aggressive campaign to fight inflation
by Matt Carter Nov 23
Fannie Mae economists see home sales bottoming next year
Sales expected to drop to lowest level since 2008, and the growing lock-in effect — the financial disincentive to sell — 'will remain in a way that has not occurred in over 40 years,' economists say
by Matt Carter Nov 21
Homebuyer demand picks up again as mortgage rates retreat below 7%
While purchase loan applications were up 4% week over week, there's still 'very little refinance incentive with rates so much higher than last year,' MBA forecaster says
by Matt Carter Nov 16
Demand for purchase loans up slightly for first time in 7 weeks
Purchase loan applications rose 1% last week despite latest Fed rate hike, but homebuyer demand for mortgages remained close to 2015 lows, according to the Mortgage Bankers Association
by Matt Carter Nov 9
US hiring remains strong, but other sectors outpace real estate
Real estate employers added about as many jobs in September as would normally be expected this time of year, despite the market downturn
by Daniel Houston Nov 4
Slight dip in mortgage rates not enough to spark homebuyer demand
Demand for purchase loans fell 1% last week compared to the week before, and was down 41% from a year ago, according to a new Mortgage Bankers Association survey released Wednesday
by Matt Carter Nov 2
Mortgage demand hits lowest level in 25 years as rates keep rising
With a Fed meeting looming next week, rates on 30-year fixed-rate mortgages have surged well past the 7% threshold, a Mortgage Bankers Association survey released Wednesday shows
by Matt Carter Oct 26
Fannie, Freddie ordered to slash fees for many first-time homebuyers
Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance Agency said Monday
by Matt Carter Oct 25
Mortgage rates punch through 7% but may pause for Fed clues
Several Fed policymakers have hinted that they'd be open to a smaller increase in short-term rates in December if there are signs that inflation is starting to ease
by Matt Carter Oct 21
First Community Mortgage announces 'major' expansion
FCM lures talent from PrimeLending and invests in technology and diversity to fuel growth as mortgage rates force many lenders to downsize
by Matt Carter Oct 20
Mortgage demand hits lowest level since 1997 as rates continue to rise
Thirty-year, fixed-rate loans hit 6.982% on Oct. 13, a new 2022 high, according to an Optimal Blue Mortgage Market index. According to an index by Mortgage News Daily, rates were at 7.15%
by Matt Carter Oct 19
Industry groups renew push for lower FHA mortgage premiums
Black Homeownership Collaborative also asks HUD to ditch a 'life of loan' requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity
by Matt Carter Oct 17
Mortage applications sag again as rates resume climb to 7%
A rate index published by Mortgage News Daily shows rates on 30-year fixed mortgages averaging 7.14 percent on Tuesday
by Matt Carter Oct 12
Mortgage applications hit 25-year low as rates, hurricane kill demand
After hitting 2022 highs last week, a weak hiring report released Tuesday by the Bureau of Labor Statistics has been helping to bring mortgage rates back down
by Matt Carter Oct 5