Items Tagged with 'refinance applications'

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MBA: Mortgage applications reverse course

Decline amidst spring home-buying season
It was a slow week for mortgage applications despite it being peak buying season, with applications moving further away from the highs witnessed two weeks ago. Here’s where applications fell short.
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MBA: Mortgages applications reverse trend, drop

30-year, FRM falls four weeks straight
After three weeks of steady increases, mortgage applications posted a drop, falling 2.6% from one week earlier. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances dropped to its lowest level since October 2015.
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Borrowers cash in on falling rates

Applications creep up to 46% in November
Refinance applications recorded a slight increase in November, rising to 46% from 45%, showing the industry that refi demand will always exist just at a lesser volume.
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Credit Unions follow industry in job cuts

Mortgage division cuts expected to come
Credit Unions are not far behind the rest of the industry when it comes to mortgage division layoffs. The Credit Union Times says firms in the space are now deciding how to handle a drop-off in refinance applications.
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