Delivered to over
70,000+ industry professionals
each day, the Daily Newsletter is the
definitive recap of the day's most
relevant mortgage and real estate news and data. View the latest Newsletter below.
View our most recent newsletter below, or use the date selector to view past newsletters.
Refinance loans continued to dominate mortgage originations in July, but the gap with purchase loans is closing. Ellie Mae's Origination Insight Report for the month showed refinances with a 54 percent share, down from 58 percent in June. Purchasing increased to 46 percent from 42 percent. The rate on closed 30-year fixed rate mortgages declined from an average of 3.40 percent the previous month to 3.24 percent. Those originated as conventional loans had a rate of 3.26 percent, down from 3.42 percent. The FHA rate averaged 3.26 percent and the VA rate 3.02 percent, down 15 and 18 basis points, respectively. The distribution of loan types shifted slightly. The FHA share picked up 1 percentage point to 11 percent and conventional and VA loans each lost a point, dipping to 79 percent and 6 percent
Housing News
|
|
Refinance loans continued to dominate mortgage originations in July, but the gap with purchase loans is closing. Ellie Mae's Origination Insight Report for the month showed refinances with a 54 percent share, down from 58 percent in June. Purchasing ... (read more)
|
|
Housing News
|
|
The Consumer Financial Protection Bureau (CFPB) is proposing a new category of qualified mortgage (QM) which it says is intended to "encourage innovation and help ensure access to responsible, affordable in the mortgage credit market." (we assume the... (read more)
|
|
Rob Chrisman
|
|
Three weeks ago the Commentary included a webcam shot of Warrior Canine Connection’s Puppy Cam . (They’ve grown. Rated PG, depending on what they’re up to when you tune in.) What hasn’t grown is Blockbuster Video (remember it?... (read more)
|
|
Housing News
|
|
Mortgage rates rose during the week ending August 14 and, while purchase applications sustained some of their momentum, a slowdown in refinancing pulled overall volume down. The Mortgage Bankers Association said its Market Composite Index, a measure ... (read more)
|
|
Mortgage Rate Watch
|
|
Mortgage rates managed to improve modestly for the average lender today, but they remain significantly higher than they were before last week's regulatory drama . By the time we consider the size, scope, and the precipitous imposition of the new refi... (read more)
|
|
MBS Commentary
|
|
Fed Minutes and LLPA Hangover Hurting Rates
Mortgage rates have been quite rebellious in 2020 when it comes to the guidance offered by the elders that typically tell them what to do. Treasuries and MBS ... (read more)
|
|
|
|
|