A new survey has found one-third of Canadian mortgage holders expect to renew their home loans within the next 12 months, with two-thirds of those borrowers expressing anxiety about renewing at a higher interest rate. The survey, published by the nonprofit association...
Mortgage application activity benefited from a bump-up in refinance action for the week ending June 19, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1% on a...
The Department of Housing and Urban Development (HUD) has unveiled 14 policy changes to the Federal Housing Administration (FHA) Single Family mortgage insurance program that are designed to lower costs, reduce regulatory burdens, and improve affordability for...
First quarter commercial/multifamily mortgage debt outstanding increased by $26.3 billion (0.5%) from the previous quarter to reach a total of $5.02 trillion, according to the Mortgage Bankers Association (MBA). Multifamily mortgage debt alone increased $23 billion...
Mortgage rates retreated in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.47% as of June 18, down from last week when it averaged 6.52%. A year ago at this time, it averaged 6.81%. The...
Mortgage application activity slowed during the week ending June 12, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 3.8% on a seasonally adjusted basis from...
