On the refinance side, only 407,956 mortgages were rolled over into new ones – the smallest amount this century.
The post Q1 Mortgage Origination Activity at 23-Year Low appeared first on Weekly Real Estate News.
The total number of loans now in forbearance decreased by 5 basis points to 0.39% of servicers’ portfolio volume in July from 0.44% May, according to the Mortgage Bankers Association’s (MBA) monthly loan monitoring survey. […]
The Bank of England’s surprise 50-basis-point hike will affect millions of homeowners as the interest rates on many mortgages in the U.K. are directly linked to the central bank’s base rate. Finance Minister Jeremy Hunt […]
Source: The Motley Fool — During the heart of the pandemic, qualifying for an affordable loan was pretty easy for most home buyers. Rates repeatedly hit record lows and it was possible to get a […]
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