“Large deceleration” in home price appreciation next year could lead to price declines in some regions. Source: Inman News
Posts published in “mortgage refinancing”
Economic uncertainty and stock market volatility may have helped drive 12 percent decline in purchase mortgage applications. Source: Inman News
Executives say the layoffs will save the company about $30 million a year and help it bring its technology to bear on purchase mortgages. Source:…
Lenders are managing risk by focusing on borrowers with prime credit scores who are keeping a bigger equity stake in their homes, according to Black…
Nation’s biggest provider of purchase loans made 27 percent fewer loans to homebuyers in 2021. Rocket Cos. is watching. Source: Inman News
Demand for purchase loans remains steady, but rising rates are closing the door on refinancing opportunities, according to the Mortgage Bankers Association’s Weekly Mortgage Applications…
Requests to refinance accounted for almost two-thirds of all mortgage applications during the week ending Nov. 5. Source: Inman News
Net income down 77 percent from a year ago, when refinancing boom drove higher profit margins. Source: Inman News
Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7 percent to 6.8…
The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Source:…