Tagged: purchase loans

Industry ‘awaits potential shifts in interest rates’ for increase in activity, MCT says

A dip in rates caused refis to surge 12% from the week prior, while purchase activity took a hit

Declining lock volumes and applications signal difficult conditions ahead with volatility on the upswing

Default risk on purchase loans match default risk on refinances for the first time since 2021, per new Milliman research

Fannie Mae says boost to popular index arrived prior to recent jump in mortgage rates to 7%

Rentership rates geolocate markets where borrowers can still find affordable homes — and where they can't find any.

MSRs are back to trading at a premium of roughly 5x multiples of servicing fees for agency loans.

Nonfarm payrolls increased by only 12,000 as strikes in the airline industry and recent hurricanes distorted the data collected.

The firm lowered its expectations due to lackluster purchase volume

Purchase locks sank 16% year over year, despite August being the most affordable month for home buying since February.