Purchase Mortgage Applications Continue to Inch Up

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BY: JANN SWANSON www.mortgagenewsdaily.com Apr 5 2017, 7:45AM The volume of purchase mortgages continued to increase during the week ended March 31, but steadily shrinking refinance numbers once again pulled overall volume down. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of loan application activity, declined for … Continue reading

Mortgage Rates Tuesday, April 4: Lowest Since November

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HAL M. BUNDRICK, CFP |nerdwallet.com April 4, 2017 Mortgage Rates, Mortgages You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money. Mortgage rates moved … Continue reading

Mortgage Applications Skyrocket

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Mortgage Applications Skyrocket 49 Percent – Largest Weekly Jump Since 2008 RISMEDIA, Thursday, January 15, 2015 Mortgage applications made big moves last week, increasing 49.1 percent from one week earlier and showcasing the largest jump since November 2008, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications … Continue reading

30-Year Fixed Mortgage Rate at Lowest Level in 19 Months

RISMEDIA, Wednesday, December 03, 2014 The 30-year fixed mortgage rate on Zillow(R) Mortgages is currently 3.76 percent, down one basis point from this time last week. The 30-year fixed mortgage hovered around 3.75 percent last week before settling at the current rate. “Rates continued to slide last week, and are … Continue reading

Fixed Mortgage Rates on Hold

RISMEDIA | Monday, April 07, 2014 Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates relatively unchanged from last week. The 30-year fixed-rate mortgage (FRM) averaged 4.41 percent with an average 0.7 point for the week ending April 3, 2014, up … Continue reading

Understanding CFPB’s New Qualified Mortgage Rule

By Keith Loria | RISMEDIA, Sunday, February 23, 2014 In January, the Consumer Financial Protection Bureau’s new qualified mortgage rule went into effect with a goal of helping borrowers understand the true costs of the mortgage they apply for. Also referred to as the ability-to-repay rule, it functions as a way … Continue reading

Will Housing Take Gold?

RISMEDIA, Thursday, February 20, 2014 Freddie Mac recently released its U.S. Economic and Housing Market Outlook for February showing that despite the Federal Reserve’s taper activity, long term rates have eased over the past month, providing a chance for some borrowers who are holding older mortgages an opportunity to refinance. … Continue reading

30-Year Fixed Mortgage Rates Plummet 16 Basis Points

RISMEDIA, Saturday, January 18, 2014— The 30-year fixed mortgage rate on Zillow(R) Mortgage Marketplace is currently 4.23 percent, down 16 basis points from 4.39 percent at this time last week. The 30-year fixed mortgage rate hovered near 4.39 percent for the majority of the week before plummeting to 4.29 percent … Continue reading

Getting a Mortgage May Get Tougher Under New Rules

By Marilyn Kalfus | RISMEDIA, Thursday, December 05, 2013— (MCT) Some shoppers planning to buy a new home in 2014 will get more scrutiny — and likely less money. Here’s why: A new set of rules for getting a mortgage kicks in. Interest rates are expected to rise. And loan amounts … Continue reading

Two-in-Five Borrowers Shorten Term When Refinancing

RISMEDIA, Tuesday, November 19, 2013 Freddie Mac recently released the results of its third quarter 2013 quarterly refinance analysis, showing that borrowers are continuing to take advantage of near record low mortgage rates to lower their monthly payments, shorten their loan terms and overwhelmingly choosing the safety of long-term fixed-rate … Continue reading