Mortgage Industry News
Mortgage Application Activity Inches Up
The total number of home loans now in forbearance declined slightly to 0.21% as of May 31. Continue Reading Mortgage Application Activity Inches Up
Mortgage Rates Down for Third Straight Week
The 30-year fixed-rate mortgage averaged 6.87% as of June 20. Continue Reading Mortgage Rates Down for Third Straight Week
Ouch! Mortgage Application Activity Sinks to 27-Year Low
“Both purchase and refinance applications fell, with the purchase index hitting a 28-year low,” said MBA’s Joel Kan. Continue Reading Ouch! Mortgage Application Activity Sinks to 27-Year Low
Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies
“The national mortgage delinquency rate remained at a historic low in June,” said Molly Boesel, principal economist for CoreLogic. Continue Reading Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies
Mortgage Rates Drop, But Still Above 7%
“Recent volatility makes it difficult to forecast where rates will go next,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Drop, But Still Above 7%
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