Items Tagged with 'refinaces'

ARTICLES

  • Monday Morning Cup of Coffee: Number of borrowers with refi incentive plummets

    Are you prepared for midterm elections
    Amid rising interest rates, the latest data from Black Knight shows more than half of homeowners who entered the year with an incentive to refinance their mortgage have since lost it. And do you know what your candidate’s views are on issues surrounding housing, finance and other areas that are important for you? Here’s how to find out.
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  • Cash-out refis haven’t been this prevalent since the financial crisis

    But unconcerned experts say borrowers are extracting less equity than before
    The volume of cash-out refinance loans hasn’t been this high since 2008, but experts at the Urban Institute say that when put into context, there’s no cause for alarm. “In an environment of home price appreciation, people commonly tap into their home equity,” the authors wrote, adding that the total amount of equity cashed out is well below pre-crisis totals.
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  • Ellie Mae: Refis just went positive for the first time in 2018

    According to the Origination Insight Report, the rate of refinances closed finally rose in August
    After taking an absolute beating this year, the refinance market just got its first ray of sunshine in 2018. According to Ellie Mae’s Origination Insight Report, the percentage of refinances closed went up for the first time in 2018 in 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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  • Monday Morning Cup of Coffee: Trump budget threatens housing?

    Is the Fed ready for a March rate hike?
    Priorities during this administration could create problems for the Department of Housing and Urban Development’s assistance programs as more focus is placed on military spending and less on housing. And the market is expecting the Fed to raise rates in March, however a week and a half still remain before the FOMC meeting, during which time anything could happen.
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