Items Tagged with 'Refinance mortgage'

ARTICLES

  • Mixed mortgage news: Refis fall to four-year low, but purchases climb sharply

    Total originations actually rise 15% in second quarter
    The signs were all there. It was clear that refinance originations were trending down as interest rates rose, but it’s still striking to see the results in black and white. According to newly released data from ATTOM Data Solutions, refinance originations fell to a four-year low during the second quarter, thanks to increases in interest rates.
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  • Ellie Mae: Refis dominate end-of-year mortgage market

    Buyers rush to refinance before tax reform takes effect
    Refinance mortgages dominated the mortgage market in December due in part to purchases being down in the winter months, and also borrowers rushing to close their loans before the newly instated tax reform took effect. Ellie Mae’s Origination Insight Report showed refinances rose to 40% of all closed loans in December.
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  • Down payment insurer ValueInsured now offering refi protection

    Protects equity if borrower needs to sell at a loss in the future
    ValueInsured, a company that provides down payment insurance for borrowers, is now also offering equity protection for borrowers who want to refinance their mortgage. Through the +Plus Equity Protection program, borrowers pay a premium in exchange for ValueInsured agreeing to reimburse up to the full amount of their equity under certain conditions.
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  • Ellie Mae: Share of purchase originations hits 6-year high

    May saw higher percentage of purchase originations than any month since 2011
    A recent report from the Mortgage Bankers Association showed that the refinance share of mortgage applications fell to the lowest level since September 2008 during the month of May. Now, a new report from Ellie Mae shows the results of the lack of refinance applications on mortgage originations.
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  • Attom: Refinance originations fell to 10-year low in 1st quarter

    Overall origination volume by dollar amount drops to three-year low
    Mortgage rates may sit at a yearly low right now, but earlier in the year rates sat well north of 4%, and that drove first-quarter refinance originations to the lowest level in 10 years, a new report from Attom Data Solutions shows. Here's a full breakdown of Q1's loan data.
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  • MBA: Refinance applications fall to eight-year low

    Mortgage applications fall back for second straight week
    The share of mortgage applications for refinances just fell to a level not seen since October 2008, new data from the Mortgage Bankers Association showed. According to the MBA’s latest Weekly Mortgage Applications Survey, the refinance share of mortgage activity declined to 44% percent of total applications, the lowest that figure has been in more than eight years.
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  • Fannie Mae: Lender optimism higher than ever

    But profit margins sink
    Consistent with the rest of the market, including builders and consumers, a new survey from Fannie Mae shows even lenders are hitting new survey highs when it comes to confidence in the economy. However, as the market shifts away from refinance mortgages, profit margin outlooks remain low among lenders.
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  • Ellie Mae: Interest rates on closed loans rise to 16-month high

    Rising interest rates drove down refinance originations
    The average interest rate for 30-year, fixed-rate mortgages rose to a 16-month high in February, according to the new data from Ellie Mae. The increase in interest rates depressed the refinance market, as the report showed that the share of purchase mortgages closed rose to 57% in February. That’s the largest that figure has been since July 2016.
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  • Refinance well drying up? Rising interest rates shrink pool of eligible borrowers, again

    New Black Knight report shows impact of another week of higher rates
    A recent report from Black Knight Financial Services showed that the pool of borrowers who had incentive to refinance shrank over the last several weeks as mortgage interest rates rose above 4%. Now, thanks to another increase in interest rates last week, the pool of borrowers with incentive to refinance is now even smaller.
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  • Zillow: Refinances skyrocket in wake of Brexit

    Record low interest rates drive massive jumps in refinance mortgage requests
    A recent report from the Mortgage Bankers Association showed that refinance applications jumped to an 18-month high in the wake of Britain's decision to leave the European Union. Further evidence of the apparent refinance boom came in Friday, when Zillow reported that refinance mortgage requests through its mortgage marketplace skyrocketed since the Brexit. Is a refinance boom upon us?
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