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Cash-Out Refinance Volume Continued to Rise in August

Cash-Out Refinance Volume Continued to Rise in August
mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.

Scott Happ , Black Knight , Originations Market , ஸ்காட் மகிழ்ச்சியாக , கருப்பு நைட் ,

Low mortgage rates blunt shift to purchase market — for now

Low mortgage rates blunt shift to purchase market — for now
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.

Freddie Mac , Joe Tyrrell , Scott Happ , Mortgage Technology , Fannie Mae , Black Knight , June Origination Market Monitor , ஃப்ரெடி மேக் , ஓஹோ டைரெல் , ஸ்காட் மகிழ்ச்சியாக , அடமானம் தொழில்நுட்பம் , பன்ணிிே மே , கருப்பு நைட் ,

Rising Home Prices Boost Demand For Jumbo Mortgages


Demand for purchase loans rose last month to levels approaching records set in March, but rising home prices mean homebuyers are increasingly likely to need to apply for jumbo loans that have traditionally carried higher interest rates.
The latest Originations Market Monitor report from mortgage and property data aggregator Black Knight shows purchase loan rate locks surged by 6 percent last month, reversing two consecutive months of declines. Cash-out refinancings were also up 10 percent, while rate-and-term refis fell 4 percent.
Non-conforming, “jumbo” mortgages accounted for 12.4 percent of all purchase and refinance rate locks, up from 5.25 percent a year ago. Conforming mortgages eligible for purchase or guarantee by mortgage giants Fannie Mae and Freddie Mac accounted for 65 percent of all mortgage rate locks in June, down from 72.3 percent a year ago. FHA loans captured a 12 percent market share, up from 10.2 percent a year ago. ....

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