Fewer people were taking out mortgage applications for the week ending July 31, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.9% on a seasonally adjusted...
Homebuyer affordability showed a very mild improvement in June, with the national median payment applied for by purchase applicants decreasing to $2,191 from $2,198 in May. However, according to the Mortgage Bankers Association (MBA), the national median payment was...
Mortgage rates rose for the fourth straight week to reach their highest level in a year, according to the Primary Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.66% as of July 30, up from last week when it averaged...
Mortgage application activity slowed down during the week ending July 24, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 6.4% on a seasonally adjusted basis...
New Silver, a West Hartford, Connecticut-based fintech offering a platform for real estate investors, has acquired Mayflower Venture Partners, a Quincy, Massachusetts-based direct lender specializing in fix-and-flip and new construction loans for New England-based...
BlackWolf Advisory Group, a mortgage servicing consulting firm, has teamed with Authority Partners, a technology strategy and software engineering firm, on an initiative to assist mortgage lenders and servicers adapt to the industry’s new artificial intelligence (AI)...
