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Sharp Rebound in Mortgage Applications

01.10.2019

Mortgage applications recorded an increase at 23.5 percent this week, on a seasonally adjusted basis, according to the latest Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. This week's results include an adjustment for the New Year's Day holiday.

The State of Housing Finance

01.04.2019

The change in direction at the Federal Housing Finance Agency (FHFA) would be one of the most important things to happen in housing finance this year, according to experts at the Housing Finance Policy Center at the Urban Institute. "I’ll be watching to see if whatever changes are made will bring more private capital into the market," said Laurie Goodman, VP, Housing Finance Policy Center at the Urban Institute.

Mortgage Applications Continue Downward Trend

12.19.2018

Mortgage applications saw a decline by 5.8 percent on a seasonally adjusted basis, compared to last week, according to the latest Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey.

FHFA would ban VantageScore from Fannie Mae, Freddie Mac credit scores

12.14.2018

WASHINGTON—The Federal Housing Finance Agency has proposed barring Fannie Mae and Freddie Mac from using credit scores developed by VantageScore over concern about conflicts of interest with the joint venture of Equifax, Experian and TransUnion.

Addressing Home Price Expectations

12.12.2018

Consumer expectations on home price changes declined to their lowest level during the year, according to the latest Survey of Consumer Expectations released by the Federal Reserve Bank of New York. The monthly survey which published its findings for November revealed that while there was little change in the short- to medium-term inflation expectations, consumers were generally more pessimistic about their expectations on housing and the labor market.

Why Are Mortgage Applications Declining?

12.05.2018

According to a report by the Federal Reserve Bank of New York’s Center for Microeconomic Data, mortgage loan application rates decreased from 7.1 percent in June to 6.7 percent, due to higher mortgage interest rates. However, application rates for mortgage refinancing rose from 7.5 percent in June to 9.2 percent. Overall, mortgage and mortgage refinance application rates remained low in 2018.

Mortgage lenders not easing up on credit scores despite tanking refis

11.27.2018

Average credit scores for mortgage borrowers remain at a 2018 high, a sign that lenders aren't easing standards despite refinance candidates already falling off on higher rates, according to Ellie Mae's Origination Insights report.

Home Sales Rise After Six-Month Decline

11.23.2018

Existing home sales broke a string of six straight monthly declines in October, the National Association of Realtors (NAR) reported.

Why are Homebuyers Shying Away?

11.08.2018

Consumers are continuing to shy away from home purchases, according to the October Fannie Mae Home Purchase Sentiment Index(HPSI), released today. The index fell 2 points in the month, to 85.7, a continuation of a downward trend since the spring.

Of Mortgage Rates and Refis

11.02.2018

The extended period of low mortgage rates is drawing to a close, but it's definitely left its mark on the U.S. housing market. According to a new report by the Urban Institute, 91 percent of mortgages as of September had average rates below 5 percent.

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