Volumes of FHA loans and VA loans are predicted to increase, causing growth in lenders’ portfolio, by majority of mortgage servicing professionals surveyed by Altisource Portfolio Solutions S.A.This rise in FHA loans is confirmed by data gathered by FHA’s regulator, the Department of Housing and Read more
MBA Report: Refinances Surge After Rates Dropped
A surge in refinancescaused mortgage applications volume to slightly tick up in the previous week, thanks to a drop in interest rates driven by significant market-pressuring events.According to recent data from the Mortgage Bankers Association, total mortgage applications increased by 3.3 Read more
Freddie Mac: Mortgage Rates Reach Two-Year High
Mortgage giant Freddie Mac released Thursday, December 22, the latest results of its Primary Mortgage Market Survey® (PMMS®)that revealed a continued upward movement in mortgage rates for the eighth consecutive week. Report HighlightsThe 30-year fixed rate mortgage (FRM) closed at an average Read more