Mortgage Industry News
Independent Mortgage Banks Report Q1 Net Production Losses
The average production volume was $384 million per company in the first quarter. Continue Reading Independent Mortgage Banks Report Q1 Net Production Losses
Mortgage Rates Drop Below 7%
A year ago at this time, the 30-year fixed-rate mortgage averaged 6.57%. Continue Reading Mortgage Rates Drop Below 7%
Mortgage Credit Availability at 10-Year Low
MBA’s Joel Kan said the decline came as “lenders pulled back on underutilized loan programs and as liquidity concerns remain for some jumbo lenders.” Continue Reading Mortgage Credit Availability at 10-Year Low
Q2 Market Share of FHA Loans at 14%
The second quarter’s percentage was the largest since the first quarter of 2021. Continue Reading Q2 Market Share of FHA Loans at 14%
Average Homebuyer’s Monthly Mortgage Payment Up 19% From Last Year
Pending home sales were down 14.4% year-over-year, with declines in all but two of the metros tracked by Redfin. Continue Reading Average Homebuyer’s Monthly Mortgage Payment Up 19% From Last Year
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