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Mortgage Applications Drop Slightly

04.23.2020

Mortgage applications fell slightly by 0.3% from the prior week for the week ending on April 17, according to the Mortgage Bankers Association (MBA).  

Mortgages in Forbearance Increase to More Than 3%

04.15.2020

A new survey by the Mortgage Bankers Association (MBA) found that the number of home loans in forbearance rose from 2.73% to 3.74% during the week of March 30 to April 5. 

Coronavirus’s Impact on the Housing Market

04.08.2020

Research by realtor.com revealed both the long-term and short-term impact that the spread of COVID-19 has had on the housing market. 

FHFA Approves Loan Processing Flexibility by GSEs

04.01.2020

The Federal Housing Finance Agency (FHFA) authorized several loan processing flexibilities from Fannie Mae and Freddie Mac. 

The ‘Last Hurrah’ for New-Home Sales?

03.25.2020

An estimated 765,000 new-home sales took place in February 2020, according to the U.S. Census Bureau

Federal Reserve Official Says Negative Interest Rates Unlikely

03.18.2020

In an interview with CNBC, Minneapolis Federal Reserve President Neel Kashkari said the Fed still has monetary policy options to combat COVID-19, but noted negative interest rates are not among them. 

Examining American Housing Market Sentiment

03.11.2020

The Fannie Mae Home Purchase Sentiment Index (HPSI) dipped slightly in February, decreasing 0.5 points to 92.5 but remaining near its survey high of 93.8. Three of the six HPSI components decreased month over month, including the percentage of Americans who believe that now is a good time to buy a home. Year over year, the HPSI is up 8.2 points, reflecting in part consumers’ more favorable mortgage rate expectations, despite that index component moderating this month.

Refinances Account for 66% of Mortgage Activity

03.04.2020

The Mortgage Business Association (MBA) reported mortgage applications rose 15.1% for the week ending on February 28 from the prior week.

January’s Mortgage Applications Up 40 Percent

02.26.2020

Talk about an auspicious way to start a year: Mortgage applications for new home purchases during January were up by 40 percent from December and up by 35.3 percent from January 2019, according to new data from the Mortgage Bankers Association (MBA).

Refi Boom Showing No Signs of Stopping

02.12.2020

The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending on February 7, 2020, reveals that mortgage applications increased 1.1% from the prior week. 

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