Refis Continue to Dominate Mortgage Apps Dec 23 2020, 4:54AM
In its last report of 2020, the Mortgage
Bankers Association (MBA) said refinancing represented nearly three-quarters of
application activity during the week ended December 18 while purchase
applications declined. MBA s Market Composite Index, a measure of mortgage loan
application volume, increased 0.8 percent on a seasonally adjusted basis from
one week earlier and was up 1 percent on an unadjusted basis.
The
Refinance Index increased 4 percent
from the previous week and was 124 percent higher than the same week one year
ago. The refinance share of mortgage activity increased to 74.8 percent of
total applications from 72.7 percent the previous week.
Mortgage applications reflect housing s vigor heading into 2021 nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
Ops, MLO Jobs; Broker, Payroll, ECOA Tools; Investors Agency Changes Dec 16 2020, 9:12AM
While virtual learning students bemoan the elimination of snow days, the U.S. Census Bureau recently came out with dozens of holiday-related facts and figures from its collection of statistics. For example, the U.S. imported $484.9 million of Christmas tree lights in 2019, with Cambodia leading the way at 47.3% of those total U.S. imports. That was actually less than the $546.8 million imported of tapered candles in 2019. Most of these came from Vietnam, representing more than 46.8% of America’s imported tapered candles. I don’t buy many new things that have instruction manuals. But every time I do, why do I feel a sense of relief when I find out that most of the pages of the instruction manual are due to them being in several other languages? Lumber doesn’t need an instruction manual, but one thing is for sure: wood prices are on fire. (Excuse the pun, West C
Mortgage applications increase as rates slip to another record low nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.