Items Tagged with 'purchase demand'

ARTICLES

  • Here's why falling mortgage rates won't spark recovery in the housing market

    Capital Economics predicts muted activity as economic concerns loom
    The housing market won’t recover much in the second half of 2019, says Capital Economics. Mortgage interest rates have fallen this year, but that hasn’t spurred much action in the housing market, and things are unlikely to turn around for the remainder of the year as concerns about the economy continue to grow, the economists say.
    Read More
  • For the 1st time in 3 years, lenders finally expect to turn a profit

    Strong consumer demand has lenders feeling optimistic
    Mortgage lenders are finally feeling optimistic about the business, according to Fannie Mae’s latest sentiment survey. For the first time in nearly three years, senior execs at major lending institutions reported a positive outlook in net profit margins, with most citing increased consumer demand as the main reason.
    Read More
  • Low mortgage rates may drive home purchase lending to 14-year high

    Economic hangover helping to keep rates low
    The recent drop in mortgage interest rates is already having an impact on overall mortgage demand as well as the demand for refinances, but just how much could the return of low interest rates impact the market? Quite a bit, according to new data from iEmergent. In fact, iEmergent is projecting a 14-year high in purchase lending.
    Read More
  • 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
  • [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.
    Read More