Mortgage rates recorded a scant upward movement in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.49% as of June 25, up from last week when it averaged 6.47%. A year ago at this time, it...
Mortgage application activity benefited from a bump-up in refinance action for the week ending June 19, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1% on a...
The Mortgage Bankers Association has published a new white paper tracing how demographic shifts since the financial crisis have impacted the housing market while assessing their implications for future market growth. “Implications of a Persistent Slowing in Housing...
The Mortgage Bankers Association’s Opens Doors Foundation announced that it has provided mortgage and rental payment assistance to 20,000 families since its founding in 2011. Opens Doors provides housing relief grants of up to $2,000 a month to families with...
First quarter commercial/multifamily mortgage debt outstanding increased by $26.3 billion (0.5%) from the previous quarter to reach a total of $5.02 trillion, according to the Mortgage Bankers Association (MBA). Multifamily mortgage debt alone increased $23 billion...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
