Tag Archives: mortgage bankers association

Mortgage Interest Rates Fall

Mortgage interest rates dropped this past week. They remain under 4% for borrowers with the best credit scores. There’s not much demand for mortgages so with reduced demand, suppliers of such loans must drop their prices (interest rates and fees) … Continue reading

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Mortgage Applications Rise, Mortgage Interest Rates Fall

Normally, mortgage interest rates and mortgage applications operate in inverse directions. With increased demand for mortgages, interest rates usually rise. Now we have an increase in mortgage applications while rates are going down. Why? Because the overall demand for mortgages … Continue reading

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Despite Record Low Mortgage Interest Rates, Mortgage Applications Declined Last Week

Interest rates aren’t everything when it comes to considering a mortgage. A more important consideration might be the state of the economy and an honest reckoning of one’s own prospects. Not many economists see economic growth ahead for several years. … Continue reading

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Mortgage Applications Decline Despite Record-Low Interest Rates

Potential borrowers do not seem that excited by the lowest mortgage rates on record since the 1940s. Mortgage applications are actually declining, not rising. Refinance applications are also declining. Report: The number of mortgage applications filed in the U.S. last … Continue reading

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Do Lenders Have The Proper Incentives To Modify Loans?

I don’t understand why lenders would want to modify mortgage loans. For starters, most lenders do not own their mortgage loans. They’ve already sold them. The loans have been packaged as MBS (mortgage-backed securities) aka bonds and sold off on … Continue reading

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Can The Federal Reserve Push Banks To Lend?

Mortgage lending has declined sharply in 2011. Mortgage lending will remain low as long there is little appetite among investors to buy mortgage-backed securities. That market is still a whimper of its former self (prior to the crash of 2008). … Continue reading

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Low Borrowing Costs Have Yet To Boost Housing Market

The experts I hear on the business news channels expect another 10-15% decline in home prices over the next 12 months. This discourages people from buying because they think, why should I buy now when I can get a similar … Continue reading

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Mortgage Applications Rise

It is no surprise that mortgage applications are rising. What is surprising is how small the increase is. Last week, applications went up just 4.1%. Why are mortgage applications going up? Because mortgage interest rates are dropping. Why aren’t mortgage … Continue reading

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Will Low Interest Rates Boost Demand For Housing?

So far, all indications are that consumers will continue to shun debt. Over the past three years, American consumers have steadily reduced their debt. When people fear for their jobs, or don’t have jobs, or enough employment, they’re unlikely to … Continue reading

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There’s A Mini-Boom In Mortgage Refinance

There’s not a big boom because most homeowners won’t qualify due to lack of equity in their homes and lack of an adequate credit score. Mortgage interest rates are at record lows and this has spawned a significant uptick in … Continue reading

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