Home Loans Spike with the Strong Economic Recovery

Home Loans Spike with the Strong Economic Recovery

#Home #loans #economic #recovery #Covid19 “Home loans to reach $3.2-T in 2020, Most in 17 yrs“– Paul Ebeling US home mortgage originations are forecast to total $3.18-T this year, the most since Y 2003, as low rates drive a spike in refinancing and purchases, according to the Mortgage Bankers Association (MBA). Housing activity has soared […]

Home Loan Costs Fall, Mortgage Applications Rise

Home Loan Costs Fall, Mortgage Applications Rise

US mortgage home applications to buy and to refinanc increased last week as most borrowing costs fell in step with US bond yields tied to worries about slowing economic growth, data from the Mortgage Bankers Association showed on Wednesday. The Washington-based industry group’s seasonally adjusted index on mortgage activity rose 2.3% to 384.0 in the week […]

US Home Mortgage Applications Mark 11-Month Highs

US Home Mortgage Applications Mark 11-Month Highs

The number of US consumers who applied for loans to buy a home and to refinance 1 rose to an 11-month high last week, signaling that the recent drop in interest rates is reviving housing activity, the Mortgage Bankers Association said in a report Wednesday. The Washington-based industry group’s seasonally adjusted gauge on mortgage applications increased 13.5% […]