Mortgage applications for new home purchases increased 26.1% year-over-year in June, according to the latest Mortgage Bankers Association (MBA) Builder Application Survey. Compared to May, applications were down by 5%. MBA estimated new single-family home sales were...
Mortgage rates took a slide over the past week, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.78% as of July 20, down from last week when it averaged 6.96%. A year ago at this time, it...
Mortgage application activity recorded a slight increase thanks primarily to an increase in refinancing requests, according to new data from the Mortgage Bankers Association for the week ending July 14. The Market Composite Index, a measure of mortgage loan...
Americans are facing an increasing level of rejection on their loan applications, according to data released by the Federal Reserve Bank of New York. In the New York Fed’s latest Survey of Consumer Expectations, the overall rejection rate for credit applicants was...
U.S. Sens. Mike Braun (R-IN) and Roger Marshall (R-KS) have introduced the Middle Class Borrower Protection Act to reverse the Federal Housing Finance Agency’s (FHFA) recent mortgage rule that changed to the Loan-Level Price Adjustment (LLPA), which many critics...
Mortgage rates continued to rise and nearly hit the dreaded 7% mark, according to Freddie Mac’s (OTCQB:FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.96% as of July 13, up from last week when it averaged 6.81%. A year ago at...
Report: Renting a Starter Home is Cheaper Than Buying in the 50 Largest Met…
