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The increase in purchase volume was not enough to offset the drop in refinance application submissions as conventional rates increased week-over-week.
August 27 -
The bank "temporarily" paused home equity line of credit lending in April 2020, over concerns regarding the economic impact of the Covid-19 pandemic.
August 26 -
While still higher than the norm, the reduction in this spread is good news when it comes to mortgage rates for potential homebuyers as well as current owners.
August 26 -
Lagging tech adoption, issues with credit, and originators' rush to close refinances earlier this year contributed to deterioration, a study found.
August 21 -
Fannie Mae economists toned down their housing and economic outlook in August, predicting fewer home sales and less mortgage origination volume versus July.
August 19 -
The 30-year fixed rate mortgage fell by 5 basis points, with the Consumer Price Index showing muted inflation and jobs data still influencing the market.
August 14 -
July's growth in products correspond with a noticeable rise in new applications for adjustable-rate mortgages as borrowers respond to recent rate movements.
August 12 -
Employment came in below estimates, which some economists expect could move the bond market in ways that affect loan costs even before the Fed meets next.
August 1 -
The 30-year fixed rate stayed within a narrow range throughout most of July, with forecasts likely to leave the housing market "stuck," said one economist.
July 31 -
New homebuyers found mortgages more affordable last month amid growing supply and softer prices nationwide, new data from the MBA finds.
July 31