Mortgage Industry News
Mortgage Originations Up 19% During Q2
A total of 689,217 refinance loans were issued in the second quarter, up 16.4% from the prior quarter. Continue Reading Mortgage Originations Up 19% During Q2
30-Year Fixed-Rate Mortgage Downticks to 10-Month Low
The 15-year fixed-rate mortgage averaged 5.69%, unchanged from last week. Continue Reading 30-Year Fixed-Rate Mortgage Downticks to 10-Month Low
The State with the Greatest Increase in Mortgage Debt Is…
Vermont was the only state with an increase above 2%. Continue Reading The State with the Greatest Increase in Mortgage Debt Is…
Mortgage Rates Continue Their Decline
The 30-year fixed-rate mortgage averaged 6.76% as of May 1, down from last week when it averaged 6.81%. Continue Reading Mortgage Rates Continue Their Decline
Mortgage Application Activity Remains Weak
The seasonally adjusted Purchase Index was down by 4% from one week earlier while the unadjusted index fell 3%. Continue Reading Mortgage Application Activity Remains Weak
Production Profits Plummet for Independent Mortgage Banks
“For the first time since the inception of MBA’s report in 2008, net production income was in the red in 2022, with losses averaging 13 basis points,” said MBA’s Marina Walsh. Continue Reading Production Profits Plummet for Independent Mortgage Banks
Mortgage Applications Down 4.1%
“Spring has arrived, but the housing market is missing the customary burst in listings and purchase activity that typically mark the season,” said MBA Chief Economist Mike Fratantoni. Continue Reading Mortgage Applications Down 4.1%
Rocket Cos. Encourages Home Buyer Savings with BUY+ Program
Rocket Homes also announced the SELL+ initiative, Continue Reading Rocket Cos. Encourages Home Buyer Savings with BUY+ Program
Moon Mortgage Unveils Crypto Real Estate and Lending Products
The crypto mortgage product is currently available in Florida, Texas and Colorado. Continue Reading Moon Mortgage Unveils Crypto Real Estate and Lending Products
GSEs Update Deferral Policies for Mortgage Payments
The GSEs’ payment deferral policies were expanded during the pandemic. Continue Reading GSEs Update Deferral Policies for Mortgage Payments
Mortgage Delinquencies Continue to Fall, Nearing Two Years of the Downward Trend
CoreLogic, a global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for January 2023. For the month of January, 2.8% of all mortgages in the U.S. were in some stage of delinquency...
The History Of The Mortgage Rate
Mortgage rates continue their upward trajectory as the Federal Reserve continues their pointed and aggressive response to stubborn inflation, with weekly U.S. average at 6.73% as of 3/8/23. This means that would-be homebuyers are continuing to face challenges of...
Cost Of Living Comparison Calculator
Source: Bankrate --- The cost of living is the total amount of money required to live in a certain area and cover your basic necessities. Expenses typically factored into cost of living calculations include housing, food and taxes. It may also include such expenses...
Spring home buying season shows ‘steady demand’ as mortgage rates slip for second week
Source: Fox Business --- The spring home buying season is showing "steady demand" as mortgage rates slip for a second week in a row. On Wednesday, the Federal Reserve raised its key interest rate by a quarter-percentage point and signaled that it could soon pause the...
The number of single women homeowners continues to surpass the number of single men homeowners
Source: Bankrate --- Single women are a force to be reckoned with in residential real estate. Despite dealing with lower incomes than men, a pricey housing market and increasingly expensive mortgages, they comprise the second largest group of homebuyers — and have...
