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.
Mortgage Applications Rise, Forbearances Decrease
Purchase mortgage applications across the country rose last week, while the share of mortgages in forbearance has dropped, according to the Mortgage Bankers Association’s latest surveys.
Refi, Purchase Apps Jump in Latest MBA Survey
The number of applications for purchase and refinance mortgages nation-wide jumped last week while growth in the number of loans in forbearance continued to slow according to a pair of new surveys from the Mortgage Bankers Association.
Purchase Mortgage Apps Close in on 2019 Levels
Purchase mortgage applications across the country are now only 1.5 percent off the same week one year ago according to the Mortgage Bankers Association’s latest survey.
Fannie Doesn’t Shift on Appraiser Rules for Refis
New guidance from federal bank regulators and Fannie Mae includes no changes on a key issue bedeviling the state’s real estate appraisers and mortgage lenders.
Mortgage Apps Plunged as Coronavirus Hit in Force
Last week was the first where the coronavirus suddenly became very real for much of America, and it shows in mortgage application data from the Mortgage Bankers Association.
Mortgage Bankers Association Doubles Refi Forecast
The Mortgage Bankers Association has revised its 2020 forecasts for mortgage activity as a result of last week’s drop in interest rates to a 30-year low.
Low Interest Rates Spur Commercial Refis
Just as low interest rates have spurred the mass-refinancing of residential mortgages, commercial property owners have also taken advantage of the rate environment, creating opportunities for lenders in Greater Boston’s competitive market.
