MBA: Mortgage Applications Increase Significantly

“Amid substantial market turmoil last week, mortgage rates dropped to their lowest levels of the year, and refinance applications jumped more than 30 percent to their highest levels of the year,” said Mike Fratantoni, MBA’s Vice President of Research and Economics. “Over the past month, refinance application volume has increased by 63 percent. Refinance applications […]

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Rob Chrisman – Pricing Engine Volatility

Maybe it will take loan reps’ minds off of the volatility that apparently is wreaking havoc with pricing engines out there. Last week Optimal Blue “hesitated”, and this week reports from agents say that NLYX is suffering the same fate. I am positive that I will hear from every owner of every pricing engine, but […]

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Should I Buy?

Carla Hill – Realty Times – Full Article The amount of material promoting home buying is extensive. Financial and real estate experts from across the country know that today’s market conditions are heavily weighted in favor of buyers. Interest rates have never been lower. Home values are more affordable than they’ve been in decades. Yet, […]

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Mortgage Rates Hit Record Lows Amid Signs of Weakening Economy

Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates dropping sharply amid falling bond yields and signs of a weaker than expected economy. The 30-year fixed averaged 4.39 percent, its lowest level for 2011. The 15-year fixed and 5-year ARM set new historical record lows averaging […]

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