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  • HARP extended into 2017; FHFA plans new refinance program

    It's not over. Homeowners are yet again getting another chance from the Federal Housing Finance Agency to take advantage of the Home Affordable Refinance Program. The new deadline is now Sept. 30, 2017. But this time around, things are different. Click the headline to read more.

Weekly Mortgage Applications Rise 8.2%: MBA

A survey of gross mortgage applications increased, while a second survey measuring household activity declined last week. The Mortgage Bankers Association (MBA) survey of gross applications increased 8.2% for the week ending October 30, compared to the previous week. Mortgage Maxx’s survey, which adjusts gross mortgage volume to account for  the number of households submitting applications, decreased 6%. MBA’s refinance index increased 14.5% from the previous week and the purchase index decreased 1.8%. Refinance mortgages took a 66.1% share of total applications, the MBA said, up from 62.3% the previous week. Adjustable-rate mortgages (ARMs) decreased to 6.1% from 6.9%. Write to Austin Kilgore.

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