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Last week, the 30-year fixed-rate mortgage rose to a high of 4.02%, spurring a significant decline in refinance demand. Mike Fratantoni, MBA’s SVP and chief economist, said the average size of a refinance loan application fell to its lowest level in 2019.
The post MBA: U.S. refinance demand falls to the lowest level in 2019 appeared first on HousingWire.
Is there a Black Friday looming for home sales too? Home trade-in company Knock forecasted that by the end of September 2019, 67% of listings on the market were expected to sell below their original list prices.
The post Report: Over half of homes on the market will sell below original price appeared first on HousingWire.
A new survey finds that people are nearly twice as likely to support policies designed to keep homes affordable compared to policies that would strengthen home values.
The heavy-hitters of the mortgage and housing industries published a joint statement decrying “single-minded focus” on the debt-to-income ratio.
The post NAR, MBA, NAHB and ABA decry “single-minded focus” on debt, income measure appeared first on HousingWire.
Compass rolled out a new program this week designed to help homeowners access their equity to buy a new home, but the company isn’t getting into the homebuying business itself. Rather, Compass is expanding into the lending business, sort of.
The post Compass now offering bridge loan services to help homeowners use equity to buy new homes appeared first on HousingWire.
Mark Calabria, director of the Federal Housing Finance Agency, said he’s willing to wipe out Fannie Mae and Freddie Mac shareholders if needed to protect taxpayers from another bailout. “I’m working for the taxpayers,” Calabria said. “If the circumstances present themselves to where we have to wipe out the shareholders, we will.”
The post Calabria says he’s willing to wipe out Fannie Mae, Freddie Mac shareholders appeared first on HousingWire.
Roostify, which powers digital mortgage platforms, is plotting an expansion in the U.S. and internationally thanks to a new injection of funding.
The post Digital lending platform Roostify plots expansion with new investment from Santander appeared first on HousingWire.