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January’s Mortgage Applications Up 40 Percent


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


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. 

Gen Z Moving Into Mortgages


Growing up during a recession has not discouraged Generation Z customers away from credit products, including mortgages, according to a study from TransUnion. Gen Z, or those born after 1995, have been influenced not just by favorable economic conditions, but technological advancements, TransUnion notes.

Prospective Buyers Set to be ‘Priced Out’ From Homeownership


The National Association of Home Builders (NAHB) released its 2020 priced out estimates report and it casts an ominous shadow over the future fate of home prices. Data shows that if the average price for a new home raises by just $1,000, at least 158,857 homeowners would be entirely priced out of the housing market. 

Mortgage Applications Rise More than 30%


According to the latest Mortgage Bankers Association's Weekly Mortgage Applications Survey, mortgage applications increased 30.2%. This report reveals statistics from the week ending on January 10 compared to the prior week. 

Are Baby Boomers Derailing the Housing Market?


An editorial by the Los Angeles Times looks at the possibility of the housing market being derailed by the Baby Boomer generation. 

Inventory Woes Don’t Stop Pending Home Sales Uptick


The National Association of Realtors announced that its Pending Home Sales Index (PHSI) rose 1.2% in November 2019, reaching 108.5 (An index of 100 is equal to the level of contract activity in 2001). Year-over-year contract signings increased by 7.4% during November.

Mortgage Outlook Forecasts Next Year’s Performance


Today’s release of Fitch Ratings’ Global Housing and Mortgage Outlook for 2020 offers an if not overwhelmingly optimistic forecast for both Canadian and American mortgages, at least an assurance that mortgage performance will maintain a stable stasis in the coming year. 

Birchwood Credit Services and RIMBA Partner to Raise $23,000 for Veteran Housing


One of our favorite parts of attending New England Mortgage Bankers Conference (NEMBC) hosted by the Massachusetts Mortgage Bankers Association (MMBA) is having the opportunity to support good causes via the NEMBC Gives Back program.

Fannie Mae: Positive Start to 2020 Housing


Housing supported the larger economy in Q3 2019, but despite this growth, global political uncertainty poses a risk to the forecast tipping to the downside. The Fannie Mae Economic and Strategic Research (ESR) Group expects one more rate cut from the Federal Reserve in early 2020 before pausing for the remainder of the year, leading to an upgraded 2020 forecast for real GDP growth of 1.9%. Housing added to growth in Q3 into the Q4 and the first half of 2020.


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