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.
Falling mortgage rates last week brought increased demand. Total home loan applications increased 2.8% for the week ending Dec. 1 compared to the previous week, according to data from the Mortgage Bankers Association (MBA). The […]
Source: Housing Wire — The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. […]
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has made the rounds this week on Capitol Hill, providing testimony to Congress in their semi-annual reviews of the CFPB. On Thursday, Chopra took questions from members […]
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