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Mortgage refinancing applications are running about double last year’s pace, a trade group says.. With demand for those bonds on the rise, yields fall. Generally, mortgage rates track closely.
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The Refinance Index. Meanwhile rose 2% to its highest level since November 2016, with the refinance share of mortgage activity rising to 46.6% of total applications from 45.4% a week earlier.
Across the Triangle, homeowners are facing similar decisions as home prices continue to rise. again, to 4.45 percent by the second week of January. Homebuilders are hoping the Federal Reserve holds.
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Mortgage applications on the decline 8:15 AM ET Wed, 21 Feb 2018 Michael Fratantoni, Senior Vice President of Mortgage Bankers Association discusses why borrowing has slowed down because of.
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A mortgage broker is a financial adviser who specialises in offering advice on mortgages. A key thing to remember when using a mortgage broker is that they have a duty of care towards you and are obliged to recommend the mortgages most suitable for you and be able to justify that recommendation.
CoreLogic: Mortgage Fraud Risk Up in Q2 Mortgage fraud risk is up across the country, according to the corelogic national mortgage application Fraud Risk Index (FRI) for Q1 2017. The FRI is a measure of loan-application level fraud risk in.
“Then the blood lust would rise again.”. The FBI warned back in 2004 of an “epidemic” of mortgage fraud that could. They’re mad because a tiny group of crooks on Wall Street built.
It wasn’t much of a lift, but fixed mortgage rates moved higher for the fourth straight week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average.
In this new report from the MBA, refinance applications continued to increase, albeit slightly. The report showed that the refinance share of mortgage activity increased to 51% percent of total applications from 50.9% in the previous week. The adjustable-rate mortgage share of activity fell to 6.7% of total applications.
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Here is what Freddie Mac’s Economic and Housing Research Group had to say about mortgage rates this week: "The 30-year fixed-rate mortgage inched higher for the second straight week. Borrowing costs may be slowly on the rise again in coming weeks, as investors remain optimistic about the underlying strength of the economy.