Continued low mortgage rates are keeping bankers busy, as refinance applications continue to rise. Refinance volume helped push total mortgage application volume up 1.5% last week compared with the previous week.
CNBC. Wed, 27 Nov 2019 12:00 GMT.
The average rate of a 30-year fixed-rate mortgage has fallen to 3.49 percent, down 1.05 percentage points from last year. According to Freddie Mac's chief economist, that means $4 trillion worth of debt could benefit from refinancing.
R.a. Schuetz. Houston Chronicle. Thu, 5 Sep 2019 14:26:14 UTC.
Purchasing a median-priced home in the U.S. is a financial stretch for Americans in the majority of markets despite slowing growth in real estate prices, low mortgage rates and rising wages.
Newsmax. Thu, 27 Jun 2019 08:34:00 EDT.
U.S. borrowers filed the fewest applications for home refinancing in about 18 years last week even as mortgage rates drifted lower in step with U.S. bond yields, the Mortgage Bankers Association said on Wednesday.
Reuters. Wed, 21 Nov 2018 08:19:58 -0500.
"With mortgage rates and home prices continuing to climb, an increase in housing supply is absolutely crucial to keeping affordability conditions from further deterioration."
Yahoo. Mon, 28 May 2018 12:47:57 -0400.