Greater Boston Mortgage Refinances Picked Up in December
Mortgage data provider Optimal Blue said mortgage refinancing saw a boost in December both nationwide and in Greater Boston as mortgage interest rates dropped from 20-year highs in the fall.
MBA: Purchase Mortgage Applications Reach 28-Year Low
Purchase mortgage applications for the second straight week reached the lowest level since 1995 amid rising interest rates, according to the Mortgage Bankers Association.
MBA: Purchase Applications Declined Despite Rate Drop
While November saw a nearly 1 percent drop in mortgage rates, the past four weeks have seen applications decrease overall more than 10 percent, according to the Mortgage Bankers Association.
Black Knight: Declines in Homebuying More than Seasonal Downturn
October saw homebuyers’ ability to afford a home tumble yet again according to separate data reports yesterday.
MBA: Mortgage Applications at Slowest Pace Since 1997
Mortgage application activity last week slowed to a pace not seen in 25 years as mortgage rates continued to rise, according to the Mortgage Bankers Association.
Mortgage Layoffs in Mass.? Some Firms Not Planning on It
The coming months could see more job losses as lenders adjust to the new economic environment. But some Massachusetts lenders don’t see layoffs on their horizon thanks to decisions made when the refinance boom began two years ago.
Take Equity Without Refinancing
With loan costs rising to their highest levels in more than two years, time may have run out on many homeowners thinking about refinancing. But could they turn to HELOCs to pay for things like renovations, instead?
November Mortgage Lending on Pace to Exceed 2020 Levels
While November single-family mortgage activity dropped off slightly compared to last year, Massachusetts remains on pace to exceed both 2020 and 2019 levels.
Refi Market Hasn’t Run Its Course
While mortgage refinancing has dropped off compared to the booming activity that lenders saw in 2020, industry figures say the sector has plenty of life left in it.
Staff and Technology Key to Record Loan Volumes
When the economy began to close down a year ago, the mortgage industry faced questions about how the pandemic would affect lending. But as interest rates continued to drop in 2020, lenders soon found that consumers looking to refinance their homes would keep the industry busy.
State’s Refinance Boom Continued in November
Massachusetts’ mortgage refinance boom continued in November as the number of residential mortgage refinances rose by 52 percent compared to November 2019, according to data from The Warren Group, publisher of Banker & Tradesman.
Mass. Refinance Activity Remains Strong in September
Massachusetts homeowners continued to take advantage of low interest rates in September, as residential mortgage refinance activity rose by 59 percent compared to September 2019, according to data from The Warren Group, publisher of Banker & Tradesman.
MBA Forecasts Purchase Originations Will Grow, Refis Slow in 2021
The Mortgage Bankers Association predicts purchase mortgage originations will grow in 2021 while the meteoric increase in refinance activity will taper off.
How Loan Originators Harnessed Record Rates
Loan originators who have focused on maintaining relationships with and acting as advisers for their customers have been able to take advantage of the low-rate environment.
Mortgage Volumes Continue to Outpace Last Year’s Activity
The mortgage industry continues to see more purchase and refinance applications compared to the same time last year, according to data from the Mortgage Bankers Association.
Refinance Activity Up Last Week
Mortgage refinance applications in the U.S. increased last week, bringing new activity to the highest level since August, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Mortgage Applications Drop Despite Lower Rates
Mortgage refinance and purchase applications across the country dropped last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, even as rates continued to drop.
Mortgage Activity Up in Mass., U.S.
Mortgage refinance and purchase applications across the country increased last week, while the month of August saw Massachusetts refinance activity nearly double.
