Mortgage Applications Inch Upwards
Applications increased 0.1% from one week earlier, per MBA data.
Applications increased 0.1% from one week earlier, per MBA data.
Financial strain looms for borrowers who made a choice to go with an ARM.
Zillow says today's ARM borrowers have higher incomes, place larger down payments.
Curinos’ latest ‘Mortgage Hot Topics’ data, released on August 4, revealed that funded volume in the retail channel was down 57%.
With waning affordability and rising mortgage rates purging the market, both LendingTree and First American saw a recent uptick in adjustable rate mortgages.
The 0.3% decrease indicates that lending standards are constricting.
Homepoint's Jumbo ARM is a strategic addition to the company’s expanding jumbo portfolio.