Items Tagged with 'purchase market'

ARTICLES

  • Goodbye refi: Rising interest rates all but erase refinance demand

    Purchase loans now make up nearly 75% of all mortgages
    While mortgage interest rates dipped ever so slightly in the last week, they’ve been trending up for the majority of this year. And it appears that the consistent rise in interest rates this year has all but dried up refinance demand. Is it time to say goodbye to refis for a while? It certainly looks that way.
    Read More
  • Five things we learned from the 2016 home-buying season

    And what it all means for 2017
    [EXPERT COMMENTARY] With vacations over and the holidays coming fast, home buying is beginning to slow down. So, given all of the predictions for 2016, let’s review the better part of the 2016 home-buying season and see what we’ve learned, with an eye toward 2017.
    Read More
  • Black Knight: Mortgage originations surge to highest level in three years

    Purchase demand booms as refinance demand disappoints
    The purchase market is booming, fueling the overall mortgage market and helping set the highest volume of first-lien mortgage originations in a single quarter since the second quarter of 2013. Black Knight Data and Analytics Executive Vice President Ben Graboske explains what spurred the growth, along with what's going on in today's mortgage credit box.
    Read More
  • MBA: Purchase applications surge to new high

    Highest level since October 2015
    Purchase applications took front and center in the latest report from the Mortgage Bankers Association, with applications reaching their second-highest level since May 2010. However, refinance applications weren't too far behind, reaching their highest level since February 2016.
    Read More
  • Wells Fargo CEO optimistic for 2014

    Market to trend higher
    The new year brings new regulatory changes and housing trends. Wells Fargo CEO chimed in, sharing his perspective for the upcoming year, noting that while it will be a good year, it will not be a breakout year.
    Read More
  • Guaranteed Rate never stopped pushing purchase loans

    Despite refis dropping, Guaranteed Rate maintains strong position
    Despite the market repositioning itself to be more purchase driven, Guaranteed Rate says it never stopped putting the time and resources into the purchase side, which has allowed them to stay ahead of the changes.
    Read More