Articles Tagged with ''Interest rates''

MBA: Mortgage applications increase 4.1%

Interest rates continue to decrease
Mortgage applications climbed in numbers, increasing 4.1% from last week. But this week’s results included an adjustment for the Memorial Day holiday. On an unadjusted basis, the index decreased 7% from last week.
Read More

Are we headed for a housing slowdown this summer?

Will mortgage rates at recent record levels drive down home buying?
Mortgage interest rates just hit the highest level in seven years, but those in the lending trenches already knew that, right? That news shouldn’t come as a surprise to those of you who live and breath the mortgage business. But what about everybody else? Is that sticker shock going to drive some prospective buyers to remain prospective buyers this summer?
Read More

Freddie Mac: Mortgage rates hit seven-year high

The highest level since 2011
Mortgage interest rates are now as high as they've been in seven years. Despite falling in previous weeks, interest rates reversed course, and rose to the highest level since 2011, according to Freddie Mac’s latest Primary Mortgage Market survey.
Read More

Freddie Mac: Rising interest rates aren’t holding back homebuyers

Demand for purchase credit remains solid
Interest rates remained steady for the week, but even their significant increase from last year isn’t holding back homebuyers. But Freddie Mac explained the minimal movement of mortgage rates in these last three weeks reflects the current economic nirvana of a tight labor market, solid economic growth and restrained inflation.
Read More

Here's where to find some good news for mortgage lenders

Refis down, mortgage profits down, true, but desire to buy homes is still growing
Looking for some good lending news during a downturn? LendingLife has your back. Yes, it is true that rates are rising, per loan profits are down, credit feels tight and refinances are dipping. But, the good news is that the perception of homeownership as a good investment is on the rise. And that's not the only good news for lenders right now.
Read More