Adam Constantine on MLK Jr.’s impact on housing equality

During the interview, Constantine explains why the industry needs to focus on evoking intentional change rather than launching lackluster initiatives.

Navigating capacity concerns amidst record-high volumes

High loan volumes continues to loom large in the new year, making the “one-stop-shop” approach to the servicing and lending process even more appealing.

Amid record-high origination volumes, mortgage fraud risk is down

CoreLogic's recently released Mortgage Fraud Report is the industry standard for nationwide fraud monitoring and analysis. Read the findings here.

How student loan debt impact homeownership

Student loan expert Catalina Kaiyoorawongs shares her practical and tangible advice for people who feel overwhelmed by their student loan debt.


MBA: Mortgage applications barely move after last week’s highs

Refinance gains offset by purchase index losses

It was a humdrum week for mortgage applications coming off of the previous week’s highs, the latest report from the Mortgage Bankers Association said.

Mortgage applications increased 1.3% from one week earlier for the week ending April 15.

This time around, the seasonally adjusted Purchase Index decreased 1% from one week earlier. While small, it didn’t significantly change last week’s news that the Purchase Index reached its highest level since October 2015.

On the other side, the Refinance Index increased 3% from the previous week.

The refinance share of mortgage activity increased to 55.4% of total applications, up from 54.9% the previous week. The adjustable-rate mortgage share of activity remained unchanged at 5% of total applications.

The Federal Housing Administration’s share of total applications decreased to 10.6% from 10.8% the week prior, as the Veteran Affairs’ share of total applications grew to 12.6% from 11.9% the week prior. The United States Department of Agriculture’s share of total applications stayed frozen at 0.8% from the week prior.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) moved higher to 3.83% from 3.82%, while the average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,000) increased to 3.77% from 3.74%.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 3.64% from 3.66%, marking the lowest rate since May 2013.

The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.06% from 3.10%, reaching the lowest rate since May 2013.

In addition, the average contract interest rate for 5/1 ARMs decreased to 2.91% from 2.94%. 

Most Popular Articles

Prepare for the rise in mortgage rates

Economists offer their takes on how high mortgage rates will climb, how lenders will respond and what impact this will have on the housing market. HW+ Premium Content

Jan 18, 2021 By

Latest Articles

2020 ends with 3.4 million loans in delinquency

The final delinquency tally for December is in, with data revealing that by end of 2020, 1.54 million more mortgages were reported delinquent.

Jan 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please