When Does Refinancing Make Sense?
Homeowners eager for mortgage rates to dip so they can refinance their places may have to wait quite a bit longer.
September Rate Cut Will Be Felt in CRE Refi Market
A highly anticipated rate cut in September will help Massachusetts developments looking to refinance debt, but bankers don’t expect much immediate impact on loan pricing.
Homeowners Flock to Cash-Out Refis Thanks to Equity Boom
Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated, and have taken out billions of dollars in loans in Massachusetts alone.
Mortgage Refi Activity Increased Amid Rate Drops
Amid rate drops in the fall, mortgage refinance activity in Massachusetts increased.
Don’t Miss the Chance to Refi
If the past is prologue, millions of homeowners with high-rate mortgages won’t refinance their loans, even as mortgage rates tumble.
Rate Locks Ticking Up As Mortgage Rates Fall
As mortgage rates fall, prospective homebuyers have been locking in rates when looking for a home while current homeowners have been scouting out refinances at the highest rate in nearly two years.
Greater Boston Mortgage Refinances Picked Up in December
Mortgage data provider Optimal Blue said mortgage refinancing saw a boost in December both nationwide and in Greater Boston as mortgage interest rates dropped from 20-year highs in the fall.
Research: Mortgage App Rejection More Likely for Older Adults
Older adults are more likely to see their mortgage applications rejected compared to applicants in other age groups, according to recent research, but the rejections might not point to lender discrimination.
Mortgage Lenders Welcome Loan Limit Increases
While surging inflation and mortgage rates stymied the residential mortgage market this year, the industry has greeted the recent increase to next year’s conforming loan limits with optimism.
Mortgage Layoffs in Mass.? Some Firms Not Planning on It
The coming months could see more job losses as lenders adjust to the new economic environment. But some Massachusetts lenders don’t see layoffs on their horizon thanks to decisions made when the refinance boom began two years ago.
Take Equity Without Refinancing
With loan costs rising to their highest levels in more than two years, time may have run out on many homeowners thinking about refinancing. But could they turn to HELOCs to pay for things like renovations, instead?
FHFA Nixes Adverse Market Fee
The Federal Housing Finance Agency is offering a weekend present to loan originators looking for refinance business and homeowners looking to refinance this summer by announcing the end to its Adverse Market Fee.
Refi Market Hasn’t Run Its Course
While mortgage refinancing has dropped off compared to the booming activity that lenders saw in 2020, industry figures say the sector has plenty of life left in it.
New Refi Options for Seniors, Low-Income Homeowners
Seniors trying to figure out how to cash in on their home equity without having to leave their houses now have another choice. So do low-income borrowers who’ve yet to refinance their government-owned loans.
Top LOs Grappled with Red-Hot Purchase Market
The pandemic challenged loan originators to find ways to meet the rapidly changing needs of consumers and the real estate industry. And a select few rode this wave to the top of their industry.
2021 Could See More of the Same for Lenders
From the pandemic’s effects on business customers and digital acceleration to conversations about racial inequalities in the industry, the year 2020 saw banking and lending confronting possibly long-lasting changes to the industry.
How Loan Originators Harnessed Record Rates
Loan originators who have focused on maintaining relationships with and acting as advisers for their customers have been able to take advantage of the low-rate environment.
Refi Applications Fall Again for Third Week
Mortgage refinance applications across the country continued to decrease in August, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Refi Applications Continue to Fall
Mortgage refinance applications across the country decreased for the second week in a row, according to data from the Mortgage Bankers Association
Mortgage Refinancing Drops Despite Record Low Rates
Despite record low mortgage rates, refinance activity across the country dropped last week, according to the Mortgage Bankers Association’s latest survey.
