Mortgage News Daily

Disaster Aftermath Can Make Losses Worse

2019-11-08T07:04:44-06:00November 8th, 2019|

The storm is over, the fires are out, but anyone who has survived a natural disaster, and that is more of us every year, knows that the problems are just beginning.  A new report by CoreLogic looks at how a demand surge sparked by rebuilding effor...

Mortgage Rates Trying to Find a Ceiling

2019-11-06T16:12:00-06:00November 6th, 2019|

Mortgage rates were sharply higher yesterday, but managed to reverse course and make some gains today.  The refreshing part of the improvement was that the bond market (which underlies rates) was already holding its ground before there was an...

Mortgage Apps Hit Their Seasonal Slump, YOY Numbers Tell a Different Story

2019-11-06T07:25:33-06:00November 6th, 2019|

Mortgage activity was little changed during the week ended November 1 as interest rates continued to bounce around.  The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, decreased 0.1 percent on a seasonally adjusted basis from one week earlier and was down 1.0 percent on an unadjusted basis.  Refinancing provided the only strength, rebounding after two weeks of declines.  The Refinance Index increased 2 percent from the previous week and was 144 percent higher than the same week one year ago. The refinance share of mortgage activity increased to 59.5 percent of total applications from 58.0 percent the previous week.

 

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