Requests to refinance accounted for 6 out of 10 applications
After adjusting for seasonal patterns, requests for purchase loans were down 3% from the week before, and 2% from a year ago, according to the Mortgage Bankers Association
Requests to refinance dip as interest rates inch up again
The MBA's Weekly Mortgage Applications Survey showed requests for loans were up 2.1% on a seasonally adjusted basis during the week ending May 7 compared to the week before
But an estimated 2.1 million homeowners are still taking a break from mortgage payments
Applications for mortgage purchase loans fell for the second week in a row at the end of April, according to the Mortgage Bankers Association's weekly mortgage application survey
The housing market continued to slow this week even as interest rates remain below 3%. Mortgage Bankers Association Economist Joel Kan explains why
The latest Mortgage Bankers Association survey shows forbearances dropped for eighth consecutive week
The MBA announced Thursday at its Spring Conference and Expo 2021 that purchase originations are on track to grow 16.4% to a new record of $1.67 trillion in 2021
Servicers must be empathetic, acknowledging to begin the conversation, a panel of experts at the Mortgage Bankers Association’s Spring Conference and Expo said on Wednesday
Mortgage applications increased 8.6% on a seasonally adjusted basis for the week ending April 16, 2021, according to the Mortgage Bankers Association
2.3M homeowners still aren't making their monthly mortgage payments
Mortgage refinance applications declined for nine out of the past 10 weeks
Mortgage Bankers Association says lenders have been gearing up for changes, and new standards will actually increase access to credit
Independent mortgage bank's profits surpassed previous year by nearly 186%, according to the Mortgage Bankers Association’s Annual Mortgage Bankers Performance Report