Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 5, 2021.
The Market Composite Index, a measure of mortgage loan application volume, decreased 4.1
Mortgage applications for second homes soared 84% year over year in January,
Mortgage credit availability increased in January according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.
The MCAI rose by 2.0 percent to
Average interest rates on all 30-year loans continued to decline to historic lows in December 2020, prompting an increase in refinance share from millennial homeowners. According to the latest ICE Mortgage Technology™ Millennial Tracker, average interest rates decreased
The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased in January to 77.7, a 3.7 point improvement from
Redfin (www.redfin.com), the technology-powered real estate brokerage, is now
Mortgage bond prices finished the week near unchanged to slightly lower which put a little upward pressure on rates. The market started flat Monday but turned negative Tuesday. The data was mixed. ISM index was 58.7% vs the expected 61%.
U.S. Attorney Andrew Birge announced today that Wavy Curtis Shain, 38, of La Grange, Kentucky was sentenced to 24 months in federal prison for conspiring to commit mail fraud. Shain pleaded guilty to the charge in September 2020. U.S. District
NAHB’s latest Housing Trends Report shows home buyers’ perceptions about the availability of homes in the market significantly improved compared to the same period last year. In the last quarter of 2020, 37% of prospective buyers expect
