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

Does It Make Sense To Refinance Mortgage In The Soaring Interest Rate Market?

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In: Refinance News

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Last updated on December 26th, 2022 at 09:35 pmAssuming you’re contemplating refinancing your home and you’ve been going back and forth; this present time would be a decent opportunity to begin that application.  Interest rates are altogether relative so it’sContinue Reading

Better.com to Layoff - Announces More Layoff to Cut The Costs

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In: Refinance News

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Online-mortgage bank Better is terminating approximately 3,000 workers in the U.S. what’s more, India as increasing financing costs burden the volume of new home loans.  The complete addresses around 35% of the organization’s labor force, as indicated by an individualContinue Reading

Current Mortgage and Refinance Rates

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In: Refinance News

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Last updated on September 5th, 2022 at 09:11 pmAccording to data compiled by Bankrate, across the country, the mortgage rates are mostly up compared to last week.  The market saw an increase in rates for 30-year fixed, 15-year fixed, andContinue Reading

Though Mortgage Rates Remain Historically Low The Demand For Mortgage Refinances Is Falling

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In: Refinance News

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As per a new survey from the country’s largest mortgage trade association, refinance applications rose, only once in eight weeks otherwise they have been continuously dropping, and the numbers are much lower than they were in 2020. With COVID-19 casesContinue Reading

Mortgage Rates of Refinances Drop Below 3%

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In: Refinance News

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For the first time in a month, the average rate of a 30-year fixed-rate mortgage dropped below 3%. And, rates on other loan types are even lower, giving homeowners reasons to celebrate and to lock in the best rate onContinue Reading

Current Mortgage and Refinance rates - 14th Oct 2021

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In: Refinance News

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Average mortgage rates dropped lower yesterday. Phew! That was the first fall in 10 calendar days and felt overdue.  Today’s rates might feel high. But that’s only compared with parts of 2020 and 2021. Go back any further and they’reContinue Reading

Latest Update On Forbearance

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In: Refinance News

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In a well-established mid-month trend, the active forbearance plans climbed up by 11,000 after declining for a fortnight. According to Black Knight’s latest report data, the overall increase of 11,000 was because of rising in plans among portfolio/PLS loans byContinue Reading

Loans In Forbearance Decreases By 3 Basic Points

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In: Refinance News

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Last updated on April 1st, 2022 at 04:41 pmAs of February 28, 2021, the total number of loans now in forbearance is 5.20% showcasing a drop by 3 basis points from 5.23% of servicers’ portfolio volume in the prior weekContinue Reading