July came to a close. Now, we are on our second half of the year. When we talk about 'mortgage', it is so far so good for buyers and refinancers. Beginning of the year, experts and analyst projected that rates will skyrocket this year. Mid-2017, that forecast has yet to happen.Those who wish to Read more
Increase in Mortgage Credit Availability Felt in July
The Mortgage Bankers Association (MBA) reported an increase in mortgage credit availability in the month of July. The Jumbo Mortgage Credit Availability Index (MCAI) showed the biggest increase among the component indices over the course of a month.The overall Mortgage Credit Availability Index Read more
Mortgage Applications Fell After 2 Weeks of Increase
In the survey ending July 28, 2017, the total volume of mortgage applications dwindled after two consecutive weeks of increase in the same month. The refinance activity also scored down slightly according to the latest survey. Survey Highlights:The Market Composite Index has decreased 2.8 Read more
Mortgage Applications Slide Down in Latest Weekly Survey
In the week ending July 7, the volume of mortgage applications had acutely gone down 7.4 percent for the previous week. This data** is reported by the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Survey HighlightsThe overall Market Composite Index on the Read more
Mortgage Credit Availability Looser, Consumer Optimism Higher in June
Last June, mortgage credit availability was slightly up, an indication of looser lending standards, according to the Mortgage Bankers Association. Coincidentally, consumers showed more optimism in getting a mortgage last month per a separate housing index by Fannie Mae.Let’s help you find a Read more
