The seven-week streak of rates on the rise has come to an end, as mortgage rates scaled back slightly, with a decline in demand expected to soften home price growth.
Read More »Mortgage Application Activity Falls to Four-Year Low
As mortgage rates exceed the 5% mark, mortgage application volume continues to slide downward, falling 8.3% over last week’s totals.
Read More »Changes in the loanDepot C-Suite
Company Founder Anthony Hsieh steps back to serve as Executive Chairman, as industry vet Frank Martell assumes the newly created role of President and CEO.
Read More »Rates Rise for Seventh Straight Week
The spring is generally a prime season for house buying, however the recent upswing in mortgage rates has caused some volatility in demand.
Read More »Mortgage App Volume Continues to Slide
With mortgage rates hitting the 5%-mark, potential buyers have tapped the brakes on home purchases as application volume dives yet again.
Read More »Interest Rises in ARMs
As mortgage rates cross the 5%-mark, application volume continues to tail off, the share of ARMs apps rose, a positive sign in purchase demand while affordability challenges linger.
Read More »Profits Down for Independent Mortgage Bankers
Independent Mortgage Bankers enjoyed success in 2021, despite an environment of increased expenses, rising mortgage rates, and lower refis.
Read More »Credit Availability Declines in March
Mortgage credit availability, a key component of the mortgage application process, decreased in March, according to the Mortgage Credit Availability Index (MCAI), a monthly report from the Mortgage Bankers ...
Read More »Upward Drive in Mortgage Rates Continues to Soften Purchase Activity
Mortgage rates rose once again this week, creeping closer to the 4.75% mark, rapidly closing the door on affordability for many.
Read More »Thank Goodness for Mortgage Insurance
With affordability and inventory challenges rampant, Marshall Gayden of Radian Guaranty discusses why mortgage insurance can be the key to helping more buyers afford a home.
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