Mortgage credit availability increased slightly in May, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) inched up by 0.1% to 94.1 in May; the index was benchmarked to 100 in March 2012. The...
Mortgage rates dipped in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.99% as of June 6, down from last week when it averaged 7.03%. A year ago at this time, it averaged 6.71%. The 15-year...
The first quarter of 2024 saw the lowest level of home mortgage lending since 2000, according to new data from ATTOM. A total of 1.28 million mortgages secured by residential property were issued in the first three months of the year, down 6.8% from the previous...
Mortgage application activity slowed again for the week ending May 31, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 5.2% on a seasonally adjusted basis...
Columbus, Ohio-based GO Mortgage and Portland-headquartered PacRes Mortgage have announced a merger agreement. The transaction is expected to close in the third quarter, with GO Mortgage CEO Michael Isaacs as the chief executive of the combined company and PacRes...
Most homebuyers do not shop around when considering a mortgage, according to a new data study from LendingTree (NASDAQ:TREE). In a survey of 2,001 U.S. consumers, over half of the respondents (54%) who took out a mortgage for their most recent home purchase only got...
