Items Tagged with 'purchase demand'

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.
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  • [Charts] CoreLogic: New mortgage demand about to boom, along with fraud risks

    These 3 charts break down today's growing mortgage fraud risk
    The days of a refinance-driven market are quickly coming to an end as purchase applications start to take over. Compared to refis, with the shift to purchase applications, there comes an increase in fraud risk due to increased opportunities to commit mortgage origination fraud. This latest report from CoreLogic backs this up, highlighting what the future of mortgage fraud looks like.
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