The Market Composite Index rose by 4.8 percent on a seasonally adjusted basis from one week earlier while the unadjusted index was up by an even five percent. The seasonally adjusted Purchase Index increased three percent from one week earlier and the unadjusted index took a four percent rise while score an eight percent advantage from the same week one year ago. The Refinance Index increased seven percent from the previous week and the refinance share of mortgage activity increased to 39.4 percent of total applications from 38.5 percent the previous week.
Among the federal program, the FHA share of total applications decreased to 9.9 percent from 10.3 percent the week prior and the VA share of total applications decreased to 10.3 percent from 10.7 while the USDA share of total applications remained unchanged at 0.8 percent.
The 25% reduction of its workforce comes as it posts $478 million Q2 loss.
Blend Labs Inc. says it has cut 25% of its workforce since April as it struggles to improve its financial position following a $478 million loss in the second quarter.
Nima Ghamsari, co-founder and CEO of the San Francisco-based mortgage technology company, noted the reduct...
The temporary buydowns will lower borrowers’ interest rates by up to 2% for the first two years of a mortgage.
United Wholesale Mortgage (UWM), the leading wholesale and purchase lender in the U.S., today announced the launch of temporary rate buydowns.
Effective today, the Pontiac, Mich.-based company said in a news release, “the new offering will allow independent mortgage brokers...