Mortgage application activities took a sharp fall in the weekly survey conducted by the Mortgage Bankers Association (MBA) ending June 23, 2017. This drastic decline was felt after two consecutive weeks of increase. This date is reported in the Weekly Mortgage Application Survey. Survey Read more
Survey: Mortgage Applications Up from Last Year
The Mortgage Bankers Association’s Builder Application Surveyfor May revealed that purchase mortgage applications rose by 15 percent year-over-year. On a monthly basis, mortgage purchase applications for May increased by 4 percent compared to April. The Survey According to the survey, about 69.2 Read more
Defects, Fraud on Mortgage Applications Climb
The First American Loan Application Index has indicated in a spike in the frequency of defects, fraudulence, and misinterpretation in mortgage applications in April 2017. The rise implies the need to exercise caution, according to First AmericanChief Economist Mark Fleming. Report Read more
Mortgage Starts Drop in April
According to the new Builder Applications Survey by the Mortgage Bankers Association, new home purchase applications declined in April, a year-over-year decrease of 4.3 percent. It is also a staggering 20 percent down from last month. A first After the streak of increases from the previous months, Read more
Mortgage Rates Rise So Do Mortgage Applications
With the rise of mortgage rates comes a higher volume of mortgage applications, latest weekly surveys made separately by Freddie Mac and the Mortgage Bankers Association confirmed. On the mortgage rate side, the 30-year fixed mortgage rate increased for the first time this 2017. Meanwhile, mortgage Read more
