Refis Ramp Up As Rates Fall To 6.28% — But Homebuyers Stay On The Fence
Requests to refinance accounted for 31 percent of all loan applications last week, well below the past decade’s average of 58 percent.
Source: inman.com
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Mortgage credit decreases for the 8th straight month
Jumbo offerings continued to tail off, offsetting a small gain in the availability of government-backed loans, according to the Mortgage Bankers Association.
Source: nationalmortgagenews.com
Pricing promos are impacting wholesale's profits: MBA
In the first two quarters of the year, the channel's lenders lost an average of 35 basis points for each origination.
Source: nationalmortgagenews.com
Lenders continue to eliminate underutilized loan programs
Mortgage credit availability reaches lowest level since March 2013
Source: mpamag.com
Mortgage credit availability falls to lowest point since 2013
Lenders pulled back on government-refinance programs and products for lower-credit score borrowers, pushing loan availability down for the seventh month in a row, the Mortgage Bankers Association said.
Source: nationalmortgagenews.com