Due to Low Refinance Applications Mortgage Credit Availability Dips by 0.9%

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In: Refinance News

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The availability of mortgage loans has been declining for three consecutive months, largely due to a decline in refinancing loans, according to the monthly mortgage availability index (MCAI), which fell by 0.9% to 120%. May, the lowest level since JulyContinue Reading

Due to Rising Rates the Refinance Applications Drops

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In: Refinance News

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In any event, for seven days containing an occasion, last week was an awful one. The Mortgage Bankers Association (MBA) said its Market Composite Index, a proportion of home loan advance application volume, fell 7.1 percent on an occasionally changedContinue Reading

Demand for Refinances Falling Even As High Rate in Future Is Visible Clearly

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In: Refinance News

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Compared to a year ago the refi applications have dropped sharply shows a new survey. The lenders warn that mortgage borrowers do not have much time to take advantage of the low refinance rate as it is a known factContinue Reading

What Caused the Surge in Refinance Application?

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In: Refinance News

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Last week, the first news of the omicron variant, saw a dramatic rise in the demand for mortgage refinance. When looking at the weekly average of the 30-year fixed the drop-in rate wasn’t as dramatic.  According to the Mortgage BankersContinue Reading

Dip In Purchase And Refinance Applications

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In: Refinance News

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According to the latest reading from the Mortgage Bankers Association in almost a year and a half, the mortgage application volume has dipped to its lowest level with significant drops in both refinance and purchase activity. For the week endingContinue Reading