Optimal Blue: Boston-Area Mortgage Demand Started Year Strong
New mortgage application data is signaling homebuyers are reentering the market amid gradual decline in interest rates, setting the stage for another year that drives home prices up.
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.
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.
Mortgage Boom Exposed Weaknesses in Lenders’ Digital Strategies, J.D. Power Warns
Record low interest rates have driven not just mortgage activity but also customer satisfaction with mortgage originators, according to a recent J.D. Power survey. But longer closing times, infrequent communication and problems with digital channels could eventually affect satisfaction.
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 Applications Dropped Last Week
Mortgage refinance and purchase applications across the country dropped last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Refinance Activity Reached Record Levels in Second Quarter
The second quarter saw the largest quarterly origination volume in the past 20 years, according to data firm Black Knight Inc. Mortgage activity has also shown signs that some of spring homebuying hampered by the pandemic has moved into the third quarter.
Refi Applications Fall Again for Third Week
Mortgage refinance applications across the country continued to decrease in August, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Refi Applications Continue to Fall
Mortgage refinance applications across the country decreased for the second week in a row, according to data from the Mortgage Bankers Association
Refinance Activity Picked Up Last Week
Record low mortgage rates helped drive an increase in refinance activity across the country last week, according to the Mortgage Bankers Association’s latest surveys.
Purchase Mortgage Apps Close in on 2019 Levels
Purchase mortgage applications across the country are now only 1.5 percent off the same week one year ago according to the Mortgage Bankers Association’s latest survey.
Mortgage Bankers Association Doubles Refi Forecast
The Mortgage Bankers Association has revised its 2020 forecasts for mortgage activity as a result of last week’s drop in interest rates to a 30-year low.
Odd Lots: Refis, DTIs and More
Nothing is more devastating to a homebuyer than to search for months and finally find the place they want, only to be rejected by their lender. But it happens. According to LendingTree, 1 in 10 would-be borrowers are turned down.
MBA Forecasts Big Drop in Mortgage Lending After June 2020
The Mortgage Bankers Association announced Tuesday that it expects purchase originations to increase 1.6 percent to $1.29 trillion in 2020. After a surge in activity in 2019, MBA anticipates refinance originations will slow next year, decreasing by 24.5 percent to $599 billion.
