Lower rates boost homebuyer demand for 3rd week in a row
Mortgage rates have been on the decline since late April, as closely watched data releases suggest the economy is cooling and that the Fed may start cutting rates as soon as September
by Matt Carter Jun 26
Bond market investors convinced Fed won't hike rates next week
Demand for purchase loans picks up slightly, and mortgage rates continue to remain below 2023 peaks, as latest inflation data out Wednesday doesn't ruffle investors who fund most mortgages
by Matt Carter Sep 13
Mortgage lenders tighten as homebuyer demand fades
Demand for purchase mortgages fell for a 4th consecutive week last week as rates continued to climb and inventories of homes for sale remained scarce, an MBA lender survey found
by Matt Carter Aug 9
Falling mortgage rates and home prices spur homebuyer interest
Demand for purchase loans picks up for the 4th straight week as mortgage rates continue to retreat from 2023 highs, according to a Mortgage Bankers Association survey on Wednesday
by Matt Carter Mar 29
Guild Mortgage announces 3rd acquisition in as many months
Acquisition of Colorado-based Cherry Creek Mortgage expands Guild's retail branch network by 68 offices in 45 states, adds reverse loan options
by Matt Carter Mar 14
Mortgage rates fall — but so does demand, breaking 4-week streak
As mortgage rates continue to retreat from 2022 highs, all eyes will be on Federal Reserve as policymakers conduct their final meeting of the year next week
by Matt Carter Dec 7
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
Mortgage demand flattens as rates make another run toward 6%
No sign of a rebound in purchase applications, but August data showing a strong job market 'should support housing demand,' MBA economist says
by Matt Carter Sep 7
Mortgage applications increase for fourth time in 5 weeks
Mortgage applications and refinance applications increased during the week ending Dec. 11, 2020, according to the Mortgage Bankers Association's weekly survey
by Lillian Dickerson Dec 16
Residential refis make up 55% of home loans in first quarter
Spurred by historically low interest rates, new refinances made up about $328.5 billion in total dollar volume in Q1, up 105 percent from the same period last year
by Lillian Dickerson May 20
Average APRs see significant declines during COVID-19 pandemic
The coronavirus pandemic has resulted in lenders offering significantly lower average annual percentage rates to homebuyers and refinance borrowers
US refinance loan originations have dropped to a 4-year low
Rising mortgage rates have caused refinance loan originations to drop to its lowest point since Q2 2014
by Marian McPherson Sep 12
Led by low refi occurrences, U.S. loan originations are dropping
RealtyTrac report shows that despite overall drop, purchase and HELOC are loans up
by Jennifer Riner May 12
Loan originations up 17 percent from a year ago in 1Q
Refinance loans accounted for more than two-thirds of those originated in the quarter
by Paul Hagey May 13
REO, mortgage industry veterans form mortgage cooperative to harness collective buying power
The Mortgage Collaborative aims to 'level the playing field' with big lenders
by Andrea V. Brambila Oct 22