After four consecutive weeks of declining momentum, mortgage application activity perked up for the week ending Oct. 24, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume,...
A news report is claiming the Trump administration’s attempt to bring a mortgage fraud indictment against one of its most vocal critics, Sen. Adam Schiff (D-CA), has stalled due to a perceived lack of viable evidence needed to bring the case to trial. MSNBC, sourcing...
New York Attorney General Letitia James is seeking to have her mortgage fraud indictment dismissed, citing the legality of newly appointed Lindsey Halligan as the prosecutor for the case. CNN reports James’ legal time submitted a two-page court filing that “challenges...
Mortgage rates are continuing to drop, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.19% as of Oct. 23, down from last week when it averaged 6.27%. A year ago at this time, it...
Mortgage application activity slowed for the fourth consecutive week, according to data from the Mortgage Bankers Association (MBA) measuring the week ending Oct. 17. The Market Composite Index, the MBA’s measure of mortgage loan application volume, dipped by 0.3% on...
Single-family mortgage origination volume is expected to increase from $2 trillion in 2025 to $2.2 trillion in 2026, according to a new forecast from the Mortgage Bankers Association (MBA). The trade group is also predicting purchase originations will increase 7.7% to...
Hits and Misses for the Real Estate Week of June 22-26
