Mortgage application activity slowed for the week ending Feb. 6, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dipped by 0.3% on a seasonally adjusted basis from one...
Mortgage rates continued to rise for the third straight week, albeit with incremental upticks, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.11% as of Feb. 5, up slightly from...
A federal jury found the former Mayor of Willingboro Township, New Jersey, and his business associate guilty of mortgage fraud in connection with a fraudulent short sale of real estate. Former Mayor Nathaniel Anderson, who is also a town councilman, and Chrisone D....
The recent snowstorms that disrupted the nation are being blamed for hampering mortgage application activity during the week ending Jan. 30. “Winter Storm Fern likely had an impact as much of the country was snowed in, hampering homebuying activity,” said Joel Kan,...
Mortgage rates inched up slightly for the second straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.10% as of Jan. 29, up from last week when it averaged 6.09%. A year ago...
A trio of financial services industry trade groups – the Mortgage Bankers Association, America’s Credit Unions and the Independent Community Bankers of America – are lobbying the Trump administration to consider three actions that they claim could lower borrowing...
Existing Home Sales Inch Up by 0.2%
