Fannie Mae: Collateral Underwriter not disrupting appraisals

FHFA hearing: GOP fear housing policy headed for Crash 2.0

Democrats say affordable housing, more lower-down policies needed

Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence
W S
Lending / The Ticker

loanDepot, Quicken Loans: Higher rates come with a better economy

/ Print / Reprints /
| Share More
/ Text Size+

Mortgage applications continued to tumble down, posting a 9.8% drop from a week earlier, the Mortgage Bankers Association said.

This came in tune with the refinance index plummeting 12% and the seasonally adjusted purchase index sinking 3% from a week earlier, the industry trade group said.   

loanDepot Chief Economist Jim Svinth said, "Today’s report on existing-home sales shows that while consumers are in the market to buy a home, there simply is a lack of inventory. That discrepancy was also represented in the mortgage applications survey and the decrease in purchase applications."

Meanwhile, Quicken Loans Chief Economist Bob Walters said, "It’s quite likely that we will look back on this period as being among the best times in history to purchase a home."

"As the economy continues to firm, the likelihood that interest rates will rise increases and home prices will continue their upward climb as well," Walters said.

 

Recent Articles by HousingWire Staff

Comments powered by Disqus