Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $1,182 on each loan they originated in the fourth quarter of 2019, down from a reported gain of $1,924 per loan in the third quarter
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for February 2020:
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Mortgage bond prices finished the week lower which put upward pressure on rates. Rates improved Monday morning in response to the surprise Sunday additional rate cut and MBS purchase announcement. Unfortunately, that was short-lived as rates spiked significantly higher
Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell, rent, and finance homes, today announced it will pause home buying in all 24 markets where Zillow Offers currently operates in response to local public
MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the Federal Reserve’s announcement that it will increase the scale and scope of purchases of agency mortgage-backed securities (MBS) in the amounts needed to support the smooth functioning
Believe it or not, we started the year quite smoothly. Yes, we were expecting some excitement due to the fact that we had a Presidential election coming our way. Little did we know that the primaries would take a back-seat
West Penn Multi-List, Inc. issued its monthly residential real estate report today. When comparing January 2020 with January 2019, all key indicators have risen and sales volume has increased considerably.
“In the first month of 2020 alone, we already have achieved more
Nearly half of Realtors® – 48% – said home buyer interest has decreased due to the coronavirus outbreak, according to a new survey from the National Association of Realtors®. That percentage tripled from a week ago when it stood at
Interest rates continued to decline in February, driving up the share of refinances by two percentage points, According to the February Origination Insight Report from Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry.
The 30-year rate on all
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.65 percent.
“Mortgage rates rose again this week as lenders
