Well if you haven’t heard yet, the CFPB has been deemed unconstitutional. There are news outlets reporting this everywhere right now. For the sake of this article I’ll be referencing an article by National Mortgage News titled: “After ruling, stage set for new battles over CFPB’s future.” Today’s show is brought to you by: Here’s […]
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both refinancing and purchase mortgages retreated last week, pulling the
Mortgage Bankers Associations (MBA's) Market Composite Index lower for the
second time in as many weeks. MBA said the index, a measure of application
volume, declined by 1.8 percent on a seasonally adjusted basis during the week
ended June 26 and was down 2.0 percent on an unadjusted basis. While the
Refinance Index ticked down 2 percent from the week ended June 19, low interest
rates kept the refinancing volume 74 percent higher than the same week one year
ago. The refinance share of mortgage activity decreased to 61.2 percent of
total applications from 61.3 percent the previous week. The seasonally
adjusted Purchase Index dipped 1 percent and the unadjusted version was down 2
percent compared with the previous week. Volume was still 15 percent higher
than the same week one year ago.
I was scanning our home page yesterday and I came across an interesting article written by Ryan Smith with Mortgage Professional America that was titled “Prices for affordable homes spike during pandemic”. The reason it caught my eye is that I’m hearing from a lot of people out there, who are NOT in the mortgage […]
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