Financial Advisors News and Expert Tips
Mortgage Rates Fall, Sending Purchase and Refis Upward
Mortgage rates hit their lowest point since February this week, and borrowers responded. According to the Mortgage Bankers Association, total mortgage applications were up 2.1% over the week prior. Purchase loans saw a 1% increase over the week and were…
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Home Purchases, Refis Dip as Rates Keep Rising
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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Purchase Loans Increase; Refis Slide as Rates Jump Again
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 Activity Slides as Interest Rates Rise Again
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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Refis, Purchases Fall as Mortgage Rates Keep Rising
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 Rates Slide, Applications Jump
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 Activity Slips Again as Interest Rates Rise
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
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 Applications Fall as Interest Rates Tick Up
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 Activity Sees Holiday Slump
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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