Even though the week ended January 4 was shortened by the New Year’s holiday mortgage application volume rebounded strongly. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, was up 23.5 percent on a seasonally adjusted basis compared to the previous week and 68 percent on an unadjusted basis. […]
Mortgage rates rose moderately for the 3rd day in a row today, bringing them to the highest levels since December 31st for the average lender. In outright terms, this equates to an increase of an eighth of a percentage point (.125%) since the most recent lows last Thursday. While it’s only 3 days of weakness in the […]
Even With Lower Rates, Mortgage Applications Drop 9.8% The Mortgage Bankers Association (MBA) office was closed during Christmas Week and did not issue its usual summary of mortgage application activity for the week ended December 21. Its report for the week ended December 28 therefore covers changes to its volume indices since December 14. These […]
The US taxpayer has been bearing the credit risk of 90% of all new origination over the past 10 years. What about property/collateral risk? Yesterday FEMA issued a new opinion disallowing new or renewal flood insurance policies during the partial shutdown of the federal government. NAR weighed in. “Today’s ruling comes contrary to Congressional intent […]
You can cut the numbers in several ways, but no matter the way it is reported, American households are in relatively good shape when it comes to mortgage debt. While this isn’t a number many homeowners think about after they get up from the closing table, CoreLogic points out that it could be very important […]
by: Matthew Graham MBS RECAP: Stock Sell-Off Makes Strong Case For Bond Consolidation Dec 17 2018, 5:46PM Just when you thought we might be done talking about “consolidations,” there’s that word again! I’d suggested on Friday that the modest bond market gains helped to confirm a consolidation as opposed to a correction, with […]
Lots of folks in the mortgage biz like statistics and odds. They may not remember them, but they like them. (As Marcus L. writes, “People still play the lottery even though most of us can’t get the USB in the first time correctly and those odds are 50/50.”) Plenty of home loans are impacted by […]
Sluggish Construction Challenges the Housing Market While there has been a lot of talk since the recovery took hold about the lack resiliency in the residential construction sector, the issue is now moving from an academic discussion to one on the verge of alarm. As Freddie Mac’s Economic and Housing Research Group writes in the […]
Mortgage rates remained largely flat or even slightly lower during the week ended November 30. This probably helped to maintain the upward trend in mortgage applications that began the previous week during the Thanksgiving holiday and despite a shortened work week. The Mortgage Bankers Association (MBA) said its market Composite Index, a measure of loan […]
Mortgage Rates Are On a Tear! Mortgage rates dropped significantly yet again today, adding to an already impressive week of improvement and bringing most lenders into their best territory since September 13th, 2018. The average lender improved by more than an eighth of a percentage point in just the past 3 business days and by nearly […]
“I have worked with several real estate attorneys…and no other attorney even comes close.”–J. Rooney, Compass
First time homebuyers Nick and Mari are all smiles at closing! Congrats! Blue Hills Bank and Olde Towne Real Estate nailed it as usual. . . . #realestate
We are just a year away from the opening of Encore #BostonHarbor
#SuffolkDowns #RealEstateDeveloper Big first phase poised to start near #Beachmont T stop #Revere #ClosingAttorney
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