Tagged: Refinance

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

CFPB follow-up report examines borrower tendencies when they tap home equity with refinancing

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

The MBA's weekly survey slumps as rates hit highest levels since July

Refinances rose 27% last week and purchase demand remained steady, despite mortgage rates at 6.67%

The average rejection rate for mortgage applications increased by 8.6 percentage points to 20.7% in 2024, well above the 2019 rate of 10.2%.

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

Eager for relief but fearing further losses, industry executives offer insights on a volatile mortgage market in transition.