The most recent downturn in mortgage charges is a cheerful vacation reward for originators, as indicators are that the push beneath 7% has introduced customers again into the market. Freddie Mac’s Main Mortgage Market Survey for the week of Dec. ...
Everlasting mortgage charge buydowns could not make financial sense for customers, as a result of the differential between these consumers that pay low cost factors and people who do not may be very small, Freddie Mac mentioned. Low cost factors ...
At the Mortgage Bankers Association annual convention this year, Marina Walsh, its vice president of industry analysis, said that more downsizing needed to occur in order to reach the target reduction of capacity of 30% the MBA advised last year.? ...
Fannie Mae is holding to its forecast of a modest economic downturn in 2024, in spite of statements by the Federal Reserve that a soft lending is achievable, and inflation is on its way down to the 2% target. Many ...
January’s continued decrease mortgage charges translated to decidedly greater month-to-month lock exercise throughout all three major causes for taking out a mortgage, together with each cash-out and fee and time period refinacings, Optimum Blue reported. General, fee locks elevated 36% ...
Loan applications saw their fifth straight weekly gain, buoyed by government-sponsored activity and renewed borrower interest in refinances amid falling interest rates, according to the Mortgage Bankers Association.? The MBA’s Market Composite Index, which tracks loan-application activity based on surveys ...
A Colorado invoice goals to encourage present owners to record their property and support potential consumers by providing a tax credit score to sellers paying for everlasting rate of interest buydowns. The invoice, HB24-1144, was launched by Rep. Rod Bockenfeld, ...
Mortgage rates moved down again, further backing away from the 8% mark it previously threatened, as the benchmark 10-year Treasury has dropped over 50 basis points in the past month. The Freddie Mac Primary Mortgage Market Survey, released a day ...
Prospective homebuyers are apparently less patient about market conditions than six months ago, with a significant percentage no longer willing to wait for prices or interest rates to decrease, a Bank of America study found. Only 62% of likely purchasers ...
Nonbank mortgage lenders and brokers collectively shed more than 7,000 positions between August and September as they headed into seasonally weaker months, according to Bureau of Labor Statistics estimates. Job numbers in these employment categories fell to 331,300 from 338,400 ...