It is now the cheapest it’s been since the 1970s to take out a mortgage in the United States, according to Freddie Mac.
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 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.
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.
COVID-19 fears among appraisers and homeowners are threatening to partially derail a surge in refinancings in Massachusetts at a time when many residents may be looking for ways to save.
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.
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.
Nothing is more devastating to a homebuyer than to search for months and finally find the place they want, only to be rejected by their lender. But it happens. According to LendingTree, 1 in 10 would-be borrowers are turned down.
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.
Mortgage applications decreased 4.1 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Feb. 9.
Mortgage applications increased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 12, 2018.
Mortgage applications increased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Dec. 1, 2017.
Bob Driscoll got into the mortgage business by happenstance – and OK, he needed another co-op, too. Then a student at Northeastern University, he walked into Hyde Park Savings Bank and asked about a job. He’s been with the same organization ever since, through its transformation to Blue Hills Bank today. Now the head of residential and consumer lending, Driscoll says of his accidental profession, “I’ve been hooked ever since. It’s just a business that got into my blood somehow.”