Mortgage Bankers Association (MBA)

Mortgage applications up 6.3% before mortgage rates fall slightly over holiday weekend

September may have been the closest to 6% that mortgage rates will be for awhile.

Conventional, FHA loans drive increase in purchase applications

Lenders generated a pre-tax net profit of $701 on each loan originated in the third quarter, MBA reports

Not responsible for the uptick were mortgage rates, which reached their highest level since July last week

Improved profitability expected for largest nonbank mortgage lenders — if higher origination volumes actually materialize.