Mortgage News Daily

Mortgage News Daily

Builder Confidence Buoyed by Lower Rates

By Jann Swanson Posted To: MND NewsWire After falling an aggregate of 12 points in November and December the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) appears to have stabilized. The HMI, a measure of home builders’ confidence in the market for newly constructed homes, gained 2 points in January, rising to 58. This one 1-point …

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Millionaires Cash-Out Too; Big Refis for Big Homes

By Jann Swanson Posted To: MND NewsWire Somewhere in this country there are 230 homes with mortgage balances between $10 and $20 million dollars. According to a post written by Arthur Jobe in the CoreLogic Insights blog, 75 percent of them were originated since 2013, and 180 represent refinances. Those refinances were largely originated since 2013 as well. These homes …

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Purchase Mortgage Applications Reach 8 Year High

By Jann Swanson Posted To: MND NewsWire January 11 ended the first full business week in a while and mortgage activity responded accordingly. The Mortgage Bankers Association (MBA) reported a strong rebound when, despite a government shutdown, business returned more or less to normal. MBA’s Market Composite Index, a measure of mortgage loan application volume, increased 13.5 percent on a …

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NAR Survey Finds American Dream Depends on Affordability

By Jann Swanson Posted To: MND NewsWire Homeownership as an American dream is alive and well according to new data from the National Association of Realtors® (NAR) 2018 Housing Opportunities and Market Experience (HOME) Survey. The survey was conducted across all 12 months of last year. Sixty-four percent of respondents were homeowners, 27 percent were renters, and 9 percent were …

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Mortgage Rates Unchanged Again as Markets Remain Cautious

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates were unchanged yet again today. Given that rates are based on trading levels in underlying bond markets, it’s no surprise to learn that bond investors have been hesitant to take things too far in either direction after pulling up slightly from the long-term lows achieved in early January. The same …

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