Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into spring, according to Mortgage Bankers Association
Mortgage applications and refinance applications increased during the week ending Dec. 11, 2020, according to the Mortgage Bankers Association's weekly survey
During the third quarter, 3.25 million mortgages were originated on residential properties, the highest level this figure has reached in 13 years
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
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
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%
This week marks the eighth week in a row in which total loans in forbearance have declined. Currently, there are about 3.7 million homeowners enrolled in forbearance plans
The decline in loan application activity may be a result of rising coronavirus cases in many states, as well as the delay of a new government-issued stimulus package
The number of mortgage loans in forbearance declined by 6 basis points, from 7.80% the previous week to 7.74%, marking the sixth consecutive week loans in forbearance dropped
The total number of mortgages in forbearance declined for the fourth consecutive week, from 8.39% of servicers' portfolio volume to 8.18% during the week ending July 5, 2020
The total number of mortgage loans in forbearance increased from 7.54% of servicers' portfolio volume. Ginnie Mae held the largest share of loans in forbearance
The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45%, its lowest level since the Mortgage Bankers Association began its weekly survey
Residential refinance mortgages more than doubled in Q4 2019, bringing them to their highest point in nearly 7 years, according to new data from Attom Data Solutions
MPRs, or minimum property requirements, are what VA loan appraisers look for to ensure a home meets the muster
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Educating sellers on the appraisal process helps manage expectations. It gives them a realistic understanding, and it will enable them to navigate the process successfully