High-credit-score and high-balance borrowers were motivated to refinance by early August sub-3% rates, analysts say.
The post Cash-Out Refis Drive Rate Lock Volume Rise appeared first on theMReport.com.
Most Recent Articles
Family Is an Important Factor for First-Time Homebuyers
Families play a key role in homeownership by helping with finances or offering advice, as 43% of those surveyed purchased a home because their parents expected it of them. The post Family Is an...
Continuing the Congressional Push for Equitable Housing
Alongside affordable housing advocates, and in testimony to Congress, Rep. Maxine Waters continues to address the affordable housing component of the Biden Administration’s Build Back Better...
A New Way to Resolve Mortgage Relief
Bill Maguire of Freddie Mac discusses new innovations in default management technology that are removing barriers and creating a new age of instantaneous workout decisions. The post A New Way to...
The Week Ahead: The Pandemic’s Impact on the Rental Market
An upcoming virtual session from the Joint Center for Housing Studies of Harvard University will examine how renters responded to the financial hardships brought upon by COVID-19. The post The...
Mortgage Rates on the Rise
Fueled by the trajectory of both the economy and the pandemic, mortgage rates advanced upward this week; however, the housing market is expected to remain strong as 2021 comes to an end. The post...
Homes Selling at Faster Pace This Fall
Homebuyer demand has been outpacing supply with mortgage rates creeping upward, with demand growing 15 times faster than supply since 2019. The post Homes Selling at Faster Pace This Fall...
September Existing Home Sales, Median Home Price Both Increased
Sales of already-built existing homes increased in September in each of the four major regions monitored by the National Association of Realtors (NAR). According to a new report published by the...
Sprout Unveils New Non-QM Offering
New AI-based iAnalyze joins a line designed to streamline loan processes for mortgage brokers and correspondents to meet the demands of non-QM financing. The post Sprout Unveils New Non-QM...
Waterstone Mortgage Names Rich Harkwell as Chief Sales Officer
In his new role, Harkwell will focus on long-term sales goals, continuing to build Waterstone Mortgage’s nationwide presence. The post Waterstone Mortgage Names Rich Harkwell as Chief Sales...
Rise in Rates Push Decline in Mortgage Apps
With mortgage rates hitting near 18-month highs, a new report found a 6.3% slide in both purchase and refi apps week-over-week. The post Rise in Rates Push Decline in Mortgage Apps appeared first...
The Market Is ‘Cooling,’ But What Does That Mean?
While seasonal trends are in play, last month was still the second most active September on record, according to a report. The post The Market Is ‘Cooling,’ But What Does That Mean? appeared first...
Decline in Listings Stunts Monthly Home Sales Numbers
New listings of homes for sale fell 9% from a year earlier, and closed home sales were down 5%. The post Decline in Listings Stunts Monthly Home Sales Numbers appeared first on theMReport.com.
Zillow Hits Pause on iBuying
Zillow, a Seattle-based real estate and financial services company, has announced that it is suspending signing new contracts with homeowners who use its iBuying service Zillow Offers until the...
Seniors Overwhelmingly Want to Stay in Their Homes
Over half of America's seniors have now paid off their home, are living without a mortgage, and view their home as the best financial decision they ever made. The post Seniors Overwhelmingly Want...
Housing Market Cools as Winter Approaches
A new study has found that monthly growth in both home values and rents eased in September, continuing a seasonal calming that began late summer. The post Housing Market Cools as Winter Approaches...
Freddie Mac: How Has the Pandemic Affected Single Women?
Sixty percent of single female heads of households were found to be paying at least 30% of their income on housing; 20% were putting more than half of their income toward housing. The post Freddie...
2021 Women in Housing Leadership Awards
Continuing an annual tradition, MReport once again brings you the Women in Housing Leadership Awards, as presented at last month’s Five Star Conference and Expo. We now take a look at this year’s...
The Average House Now Sells Within 22 Days
The housing market is showing signs of a typical seasonal cooling, but houses are still selling at a blistering pace with most houses selling within two weeks of being listed. The post The Average...
Mortgage Origination 2022 Forecast to Hit $2.59T
While originations are expected to remain solid, the MBA expects refis will further slow next year, decreasing by 62% to $860 billion from $2.26 trillion in 2021. The post Mortgage Origination...
Most Borrowers Want to Close In-Person
As the housing market continues to adapt to unprecedented demand as digitization becomes the norm, 81% of borrowers still prefer an in-person closing over a digital one. This data comes...