Articles Tagged with ''MBA''

Janet Yellen: Economy's strong run could last through 2019

Former Fed chair tells MBA crowd she's cautiously confident in economic stability
At the MBA Annual on Monday, former Federal Reserve Chair Janet Yellen told the crowd there are strong indicators that the economy is in a good place. But, she does warn of a few potential flies in the ointment, like overly zealous deregulation, shadow banking and an overheated economy.
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MBA: Mortgage applications return to decreasing trend

5/1 ARMs reach highest level in series history
Mortgage applications returned to their decreasing trend for the week ending October 5, 2018, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Notably, the average contract interest rate for 5/1 ARMs reached its highest level in series history this week.
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MBA: Mortgage applications press forward

Average contract interest rate for 5/1 ARMs reaches a record high
Mortgage applications rose 2.9% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 21, 2018. Notably, interest rates for 30-year fixed-rate mortgages reached another record high.
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Freddie Mac: Mortgage rates increase for third consecutive week

Consumer credit growth driving mortgage rates
Mortgage rates climbed for the third consecutive week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the one-two punch of strong job and consumer credit growth drove mortgage rates up to their highest mark since the second of August.
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MBA: Mortgage applications can't seem to get ahead

Refinance Index drops to lowest level in 18 years
Mortgage applications fell 1.8% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 7, 2018. On an unadjusted basis, the Mortgage Composite Index decreased 13% from the previous week.
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MBA: Mortgage applications fall again

Refi share of activity sees increase
Mortgage applications continue to fall, dropping 0.1% from the previous week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 31, 2018.
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Mortgage lenders once again turning a profit

But production income still at all-time low for Q2
Independent mortgage bankers pulled back into the black during the second quarter after seeing the worst quarter for profitability in years during the first quarter. However, even after rising from the first quarter’s loss, when measured in basis points, pre-tax net production income reached its lowest level for any second quarter since the inception of the MBA’s report in 2008.
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Mortgage applications return to decreasing trend

Refinance index fall 3%
After a week of positive numbers, mortgage applications returned to their decreasing trend, falling 1.7% from the previous week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 24, 2018.
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