Mortgage rates continued to slide in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.87% as of June 20, down from last week when it averaged 6.95%. A year ago at this time, it averaged 6.67%....
Mortgage application activity inched up last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was up by 0.9% on a seasonally adjusted basis week-over-week, while the...
The Consumer Financial Protection Bureau (CFPB) ordered three reverse mortgage servicing companies to cease operating in their industry, citing what the regulator described as “illegal activities that harmed older homeowners and caused them to fear losing their...
Total commercial/multifamily mortgage debt outstanding rose to $4.70 trillion at the end of the first quarter, according to new data from the Mortgage Bankers Association (MBA), a $40.1 billion or 0.9% upswing from the previous quarter. Multifamily mortgage debt alone...
Mortgage applications for new home purchases recorded a 13.8% year-over-year upswing in May, according to data from the Mortgage Bankers Association (MBA). Compared to April, application activity was up by 1%. The MBA estimated new single-family home sales were...
Mortgage rates declined again, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.95% as of June 13, down from last week when it averaged 6.99%. A year ago at this time, it averaged 6.69%....
