A pair of new data reports from the Mortgage Bankers Association (MBA) found mortgage application activity and mortgage credit availability in decline. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.7% on a seasonally...
Ginnie Mae announced that it issued $53.9 billion in total mortgage-backed securities (MBS) in June, resulting in net portfolio growth of $20.6 billion. Last month’s activity expands its MBS portfolio outstanding to $2.97 trillion. Last month’s activity included $52.4...
Mortgage rates registered a mild uptick in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.49% as of July 9, up from last week when it averaged 6.43%. A year ago at this time, it averaged...
Mortgage application activity was mostly lethargic for the week ending July 3, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.2% on a seasonally adjusted...
Atlantic Home Mortgage has launched Lendtrain, a platform that enables homeowners check an estimated refinance quote online in about 30 seconds. According to the Alpharetta, Georgia-bases company, Lendtrain shows estimated wholesale refinance rates, estimated closing...
Gen Z accounted for one in five purchase mortgage rate locks in the second quarter, the largest share on record, according to a new data report from Intercontinental Exchange Inc. (NYSE: ICE). The report found this youthful generation represents nearly one-third of...
