“Looking ahead, the potential for higher inflation amidst disruptions in oil and other commodity flows will likely lead to a period of volatility in rates,” — MBA associate vice president of economic and industry forecasting Joel Kan
The post Mortgage applications rise, interest rates fall as Ukraine uncertainty roils markets appeared first on Atlanta Agent Magazine.
“Be a kind human, treat everyone equally.” — April Crawford, senior mortgage loan originator, Southeast Mortgage of Georgia Inc.
The post April Crawford, senior mortgage loan originator, Southeast Mortgage of Georgia appeared first on Atlanta Agent Magazine.
Mortgage applications fell more than 13% in the most-recent week tracked by the Mortgage Bankers Association’s Market Composite Index, while interest rates continued to rise.
The post Mortgage applications fall to pre-pandemic low as rates rise appeared first on Atlanta Agent Magazine.
The average contract interest rate for 30-year fixed-rate mortgages backed by the Federal Housing Administration increased to 3.93% from 3.86%, the Mortgage Bankers Association said.
The post Mortgage applications fall more than 8% appeared first on Atlanta Agent Magazine.
“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand,. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand.” — Mortgage Bankers Association associate vice president of economic and industry forecasting Joel Kan
The post Mortgage applications, interest rates rise first week of January appeared first on Atlanta Agent Magazine.
At the same time, the average 30-year fixed-rate mortgage rose to 3.33%, its highest level since April 2021, the Mortgage Bankers Association said.
The post Mortgage applications fall during last two weeks of 2021 appeared first on Atlanta Agent Magazine.
Fears of an economic fallout are causing long-term U.S. mortgage rates to fall as the newest COVID-19 strain reignites worry among Americans.
The post Omicron worries push mortgage rates down appeared first on Atlanta Agent Magazine.
LoanSnap said it used its innovative AI technology, affectionately called Nell, to close the loan in the record-breaking amount of time.
The post LoanSnap closes home loan in less than 24 hours appeared first on Atlanta Agent Magazine.
The decline in mortgage rates prompted an uptick in refinancing, with government refinances increasing more than 20% over the week, MBA associate vice president of economic and industry forecasting Joel Kan said in a press release.
The post Mortgage applications rise in latest survey, as rates decline for the first time in a month appeared first on Atlanta Agent Magazine.
The Federal Housing Finance Agency (FHFA) recently announced its 2022 conforming loan limits (CLL) for conventional loans acquired by Fannie Mae and Freddie Mac.
The post FHFA announces conforming loan limits for Fannie and Freddie mortgages appeared first on Atlanta Agent Magazine.