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  • mortgage-demand-from-homebuyers-spikes-28%,-and-the-average-loan-amount-sets-a-record-high
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    Mortgage demand from homebuyers spikes 28%, and the average loan amount sets a record high

    A house for sale in Sarasota, FloridaScott Mlyn | CNBC Thanksgiving week isn’t usually a popular time for homebuying, but most economic numbers this year are incomparable, especially in the pandemic-spiked housing market. Mortgage applications to purchase a home jumped 9% last week from the previous week, according to the Mortgage Bankers Association’s seasonally and holiday adjusted… More

  • mortgage-refinancing-is-hot,-but-using-your-home-as-an-atm-is-not
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    Mortgage refinancing is hot, but using your home as an ATM is not

    Patrick T. Fallon | Bloomberg | Getty ImagesMortgage rates have been sitting near record lows since the start of the coronavirus pandemic, and while millions of Americans have already refinanced their home loans this year, very few of them have taken cash out in the process.Cash-out deals made up just 27% of all mortgage refinances… More

  • mortgage-demand-from-homebuyers-surges-after-election-pause
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    Mortgage demand from homebuyers surges after election pause

    November is not historically a strong season for homebuying, but this one, like the rest of 2020, isn’t following any rules.Homebuyer demand is surging again, after taking a slight break around the election.Mortgage applications to purchase a home rose 4% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was a… More

  • mortgage-demand-from-homebuyers-drops-to-lowest-level-in-6-months
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    Mortgage demand from homebuyers drops to lowest level in 6 months

    Another record low interest rate on the 30-year fixed mortgage last week did not help drag homebuyers out of their recent slump.Declining demand from buyers caused mortgage application volume to fall 0.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.  Mortgage applications to purchase a home fell… More

  • mortgage-rates-set-yet-another-record-low,-but-applications-fall
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    Mortgage rates set yet another record low, but applications fall

    People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020.Wang Ying | Xinhua News Agency | Getty ImagesBorrowers are clearly used to hearing that mortgage rates set another record low because last week’s dip did nothing to spur mortgage demand.The volume of applications for… More

  • mortgage-demand-from-homebuyers-now-up-25%-from-a-year-ago
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    Mortgage demand from homebuyers now up 25% from a year ago

    People wait to visit a house for sale in Floral Park, Nassau County, New York.Wang Ying | Xinhua News Agency | Getty ImagesAfter a brief lull to start the month, mortgage demand surged ahead yet again — even with the highest interest rates in several weeks.Total mortgage application volume increased 6.8% last week from the… More

  • coronavirus-mortgage-bailouts-improve-slightly,-but-nearly-3-million-borrowers-still-aren’t-recovering
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    Coronavirus mortgage bailouts improve slightly, but nearly 3 million borrowers still aren’t recovering

    After holding flat for a couple of weeks, the number of borrowers in public and private coronavirus-related mortgage bailout programs saw a much bigger improvement than expected. Most still in getting aide, however, have extended their terms, suggesting they are still unable to get current on their home loans. The number of mortgages in active forbearance… More

  • weekly-mortgage-refinances-fall-as-interest-rates-suddenly-turn-higher
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    Weekly mortgage refinances fall as interest rates suddenly turn higher

    A sudden turnaround from record low interest rates last week caused a pullback in mortgage refinance demand.That pulled total mortgage application volume down 3.3% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased rather abruptly… More