Financial Advisors News and Expert Tips

Mortgage Weekly Update

Home Purchases, Refis Dip as Rates Keep Rising

By Aly Yale / April 8, 2021
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What happened in the mortgage market this week? It’s a story we’ve heard several times over the past few months: Mortgage rates rose, refinances dropped, and home purchase activity fell as well. According to the Mortgage Bankers Association, overall mortgage…

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Mortgage Weekly Update

Purchase Loans Increase; Refis Slide as Rates Jump Again

By Aly Yale / March 11, 2021
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Once again, mortgage rates are up, and overall activity is down. According to the Mortgage Bankers Association, mortgage applications were down 1.3% this week.  Refinancing activity dipped 5% and is now 43% lower than it was a year ago. The…

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Mortgage Weekly Update

Mortgage Activity Slides as Interest Rates Rise Again

By Aly Yale / February 19, 2021
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Mortgage activity dipped this week as interest rates once again jumped. According to the latest data from the Mortgage Bankers Association, overall mortgage applications dropped 5.1% — up from last week’s decrease of 4.1%. Purchase loans fell the most, dipping…

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Mortgage Weekly Update

Refis, Purchases Fall as Mortgage Rates Keep Rising

By Aly Yale / February 11, 2021
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With mortgage rates up slightly, it seems consumers aren’t as quick to buy or refinance these days. In fact, according to the Mortgage Bankers Association, overall mortgage activity was down 4.1% last week.  Purchase loan applications decreased 5%, while refinances…

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Mortgage Weekly Update

Mortgage Rates Slide, Applications Jump

By Aly Yale / February 5, 2021
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Mortgage activity ended its recent slump last week. According to the latest data from the Mortgage Bankers Association, applications were up 8% over the week prior.  The bump comes after two weeks of declining loan activity and was largely due…

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Mortgage Weekly Update

Mortgage Activity Slips Again as Interest Rates Rise

By Aly Yale / January 29, 2021
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Mortgage activity fell yet again this week, with applications dropping 4.1% over the week prior.  According to the MBA’s weekly survey data, refinance applications fell 5%, while purchase loan applications decreased 4%. Volumes in both categories are still higher than…

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5 Reasons Why Failure Is Actually Pretty Awesome

5 Reasons Why Failure Is Actually Pretty Awesome

By Erin Ollila / January 28, 2021
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Just recently, I watched the TV show Dino Dana with my five-year old, and the lead character explains to her sister that in science, there’s no such thing as failure. She says any question or experiment, even if they appear…

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Mortgage Weekly Update

Mortgage Applications Fall as Interest Rates Tick Up

By Aly Yale / January 22, 2021
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Mortgage applications were down last week, dropping about 2% from the week prior, according to the latest survey from the Mortgage Bankers Association (MBA). The overall drop came from a decline in refinance applications, which fell 5% for the week.…

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Mortgage Weekly Update

Mortgage Activity Sees Holiday Slump

By Aly Yale / January 7, 2021
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Applications to both purchase a home and refinance one dropped over the holidays. According to the latest survey from the Mortgage Bankers Association, overall mortgage activity fell 4.2% in the last two weeks, despite mortgage rates hovering right around all-time…

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Mortgage Weekly Update

Mortgage Rates Hit New Low, Refis Surge

By Aly Yale / December 18, 2020
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We may be nearing the holidays, but the housing market isn’t slowing down. Mortgage activity increased 1.1% this week, with both refinance and purchase applications rising. Refinances are currently 105% higher than one year ago, while purchase loan applications are…

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