Mortgage demand slips with homebuyers wary of rate volatility
Rise in mortgage rates defies expectations as unusually wide 'spread' between 10-year Treasury yields and mortgages reflects investor fears of another refi wave
by Matt Carter May 17
Don't expect mortgage rate relief in 2023, Fannie Mae warns in forecast
Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control
by Matt Carter Sep 21
Demand for home loans picks up for first time in 6 weeks
Rising demand for purchase loans and refinancing as rates climb to new highs underscores volatility, with Fed expected to continue rate hikes, according to the MBA's latest survey
by Matt Carter Sep 21
Demand for refinancing ticks up slightly as mortgage rates plateau
Purchase loan applications continue to be weaker 'due to the combination of much higher mortgage rates and the worsening economic outlook,' said MBA forecaster Joel Kan
by Matt Carter Jul 13
Lower partners with Orchard to offer Power Buyer services
As rising interest rates curb mortgage refinancings, Lower will also target homebuyers through a strategic partnership with iBuyer powerhouse Opendoor
by Matt Carter May 20
Home sales, homebuilding headed for a slowdown, Fannie Mae says
Not until next year do Fannie Mae's Economic and Strategic Research Group economists expect to see a ‘a large deceleration in home price growth,’ with some regions likely to see price declines
by Matt Carter May 19
Homebuyer mortgage demand falls even as rates ease from 2022 highs
Economic uncertainty and stock market volatility may have helped drive 12% decline in prospective homebuyers’ purchase mortgage applications, delaying home searches
by Matt Carter May 18
Digital title insurer Doma laying off 310 employees as refis plummet
Executives say layoffs will save the company about $30M a year and help it bring its technology to bear on purchase mortgages
by Matt Carter May 11
Homeowners are cashing out their equity like it's 2005
Lenders are managing risk by focusing on borrowers with prime credit scores who are keeping a bigger equity stake in their homes, according to Black Knight's latest Mortgage Monitor Report
by Matt Carter Mar 8
Wells Fargo mortgage production fades as it closes branches
Nation's biggest provider of purchase loans made 27% fewer loans to homebuyers in 2021
by Matt Carter Jan 17
Mortgage rates hit highest point since COVID closures in early 2020
Demand for purchase loans remains steady, but rising rates are closing the door on refinancing opportunities, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey
by Matt Carter Jan 12
Off-season rebound for mortgages could bode well for fall home sales
Second straight week of increases in purchase loan applications following rate reversal suggests stronger sales activity in the weeks to come, according to the Mortgage Bankers Association
by Matt Carter Nov 17
Requests to refinance accounted for almost two-thirds of all mortgage applications during the week ending Nov. 5
by Matt Carter Nov 10
UWM posts record mortgage volume, but Q3 profits sag
Net income down 77% from a year ago, when refinancing boom drove higher profit margins
by Matt Carter Nov 9
Home sales predicted to close out 2021 with surprising strength
Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7%, to 6.8M
by Matt Carter Oct 15