Mortgage Industry News
Financial Services Trade Groups Lobby White House to Lower Mortgage Costs
The trade groups called for “responsibly reducing mortgage insurance premiums.” Continue Reading Financial Services Trade Groups Lobby White House to Lower Mortgage Costs
Mortgage Application Activity Down 8.5%
The FHA share of total applications increased to 18.6% from 15.9% the week prior. Continue Reading Mortgage Application Activity Down 8.5%
Mortgage Application Activity Down by Nearly 4%
The FHA share of total applications decreased to 19.5% from 20.2% the week prior. Continue Reading Mortgage Application Activity Down by Nearly 4%
New Home Purchase Mortgage Applications Up 3.1% in November
The average loan size for new homes decreased from $381,404 in October to $378,063 in November. Continue Reading New Home Purchase Mortgage Applications Up 3.1% in November
Mortgage Rates Tick Up Slightly
The 30-year fixed-rate mortgage averaged 6.22% as of Dec. 11, up from last week when it averaged 6.19% Continue Reading Mortgage Rates Tick Up Slightly
Rocket Mortgage to Exit the Canadian Market
Rocket Mortgage plans to complete its exit from the market by June 27. Continue Reading Rocket Mortgage to Exit the Canadian Market
Mortgage Rates Continue to Drop
The 30-year fixed-rate mortgage averaged 6.63% as of March 6. Continue Reading Mortgage Rates Continue to Drop
Shant Banosian Named President of Rate Mortgage
Banosian joined the company (formerly Guaranteed Rate) in 2007 and was most recently executive vice president for sales. Continue Reading Shant Banosian Named President of Rate Mortgage
Refinancing Fuels 20.4% Upswing in Mortgage Application Activity
The seasonally adjusted Purchase Index increased 9% from one week earlier. Continue Reading Refinancing Fuels 20.4% Upswing in Mortgage Application Activity
Union Home Mortgage Acquires Nations Reliable Lending
The financial terms of the deal were not disclosed. Continue Reading Union Home Mortgage Acquires Nations Reliable Lending
Bank7 Acquires First American Mortgage
First American Mortgage has operated since 1993 and facilitated over $3 billion in funding. Continue Reading Bank7 Acquires First American Mortgage
Mortgage Rates Decline Again
The 30-year fixed-rate mortgage averaged 6.76% as of Feb. 27. Continue Reading Mortgage Rates Decline Again
Q4 Lending Down While Refinance Activity Rises
Lenders issued $568 billion worth of residential mortgages in the fourth quarter. Continue Reading Q4 Lending Down While Refinance Activity Rises
Mortgage Application Activity Slows Down
The Refinance Index decreased 4% from the previous week and was 45% higher than the same week one year ago. Continue Reading Mortgage Application Activity Slows Down
New Reports Find Mortgage Applications in Decline as Mortgage Affordability Frays
The average loan size for new homes increased from $400,930 in December to $403,416 in January. Continue Reading New Reports Find Mortgage Applications in Decline as Mortgage Affordability Frays
Recent Posts
Hits and Misses for the Real Estate Week of April 27-May 1- Global Manufactured Homes Market Forecast to Reach Nearly $43 Billion by 20…
- San Francisco’s Bay Club Acquires Full City Block for $65 Million
- Pennsylvania Housing Finance Agency Launches Home Purchase Assistance Loan
- Portland Duo Sentenced for Running Real Estate Investment Fraud Scheme
