Optimal Blue: Boston-Area Mortgage Demand Started Year Strong
New mortgage application data is signaling homebuyers are reentering the market amid gradual decline in interest rates, setting the stage for another year that drives home prices up.
MBA: Purchase Mortgage Applications Reach 28-Year Low
Purchase mortgage applications for the second straight week reached the lowest level since 1995 amid rising interest rates, according to the Mortgage Bankers Association.
Wells Fargo to Exit Correspondent Lending, Shrink Servicing
Wells Fargo plans to reduce the size of its mortgage business, making changes that the bank said would see its home lending business focus on bank customers and minority communities.
November Mortgage Lending on Pace to Exceed 2020 Levels
While November single-family mortgage activity dropped off slightly compared to last year, Massachusetts remains on pace to exceed both 2020 and 2019 levels.
Condominium Mortgages Continue to Grow
Massachusetts’ strong market for condominium purchase mortgages continued in July, with low interest rates helping to drive volumes of more than $1 billion.
Mass. Refinance Activity Remains Strong in September
Massachusetts homeowners continued to take advantage of low interest rates in September, as residential mortgage refinance activity rose by 59 percent compared to September 2019, according to data from The Warren Group, publisher of Banker & Tradesman.
