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

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

Mortgage Refinances Applications Rise Before The Introduction Of 0.5% Fees

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In: Refinance News

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Last updated on February 3rd, 2021 at 12:06 pmAccording to the Mortgage Bankers Association, mortgage applications rose 3.8% from the week before, in the last week of October.  Most of it is thanks to refinancing, which comprised of almost 69% ofContinue Reading

Can lenders handle the refinance volume?

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In: Refinance News

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Last updated on February 3rd, 2021 at 11:05 amLOs, mortgage executives, and economists say all the conditions are right for a string of even bigger quarters, with refinancing driving a record of $ 1.1 trillion in originations in the secondContinue Reading

U.S. Mortgage Applications Takes Upward Trend In Early September

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In: Refinance News, New Home Mortgage News

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Last updated on February 3rd, 2021 at 11:01 amMortgage Bankers Association’s latest Weekly Mortgage Applications Survey report shows, for the week ending September 4, 2020, U.S. mortgage applications increased 2.9 % compared to last week.  This week’s results are being comparedContinue Reading