Mortgage purchase applications were up 28 percent year over year, according to data released Wednesday by the Mortgage Bankers Association. Source: Inman News
Posts published in “Joel Kan”
Low rates have helped fuel an extraordinarily active summer for real estate. Although they remain historically low, a gradual trend upward could be less than…
The decline in loan application activity may be a result of rising coronavirus cases in many states, as well as the delay of a new…
Gross domestic product data showed a historic drop in the second quarter, even as new unemployment claims continued to rise. Source: Inman News
New single-family home sales rose 13.8 percent to a seasonally adjusted rate of 776,000 in June, according to data from the U.S. Census Bureau. Source: Inman…
Purchase activity was up 19 percent year over year, an increase for the ninth-consecutive week, according to new Mortgage Bankers Association data. Source: Inman News
Refinance rates increased by 0.4 percent week over week and 111 percent year over year, according to data from the Mortgage Bankers Association. Source: Inman…
The average 30-year mortgage hit a new all-time low of 3.07 percent this week, according to data from Freddie Mac released Thursday. Source: Inman News
“High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,” Joel Kan of the Mortgage Bankers Association said. Source: Inman…
Thirty-year, fixed-rate mortgages fell to 3.43 percent, from 3.45 percent last week, marking a new low, according to the Mortgage Bankers Association. Source: Inman News