Financial Advisors News and Expert Tips

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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Mortgage Weekly Update

Refis Fall, While Purchase Loans Surge Over Thanksgiving Holiday

By Aly Yale / December 4, 2020
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Mortgage applications dropped this week, though only slightly. According to the Mortgage Bankers Association, refinance applications dipped 5% for the week, while purchase activity rose 9%. Both remain higher than last year’s numbers (by 102% and 28%, respectively).  Here’s what…

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Mortgage Weekly Update

Rates Hit Another Low, But Mortgage Applications Drop

By Aly Yale / November 12, 2020
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Despite mortgage rates reaching yet another all-time low last week, demand for mortgage loans is waning. According to the most recent survey from the Mortgage Bankers Association, overall mortgage applications decreased 0.5% for the week. It’s the sixth time in…

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Procrastinating at work with bubbles

Procrastinating at Work? 5 Tips for Ditching Overwhelm and Getting Back to Work

By Erin Ollila / November 6, 2020
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You’re a great employee. All performance evaluations come back with high marks, and you know that your supervisor appreciates your efforts. But, as good of an employee as you are, you find yourself stuck in a vicious cycle that most…

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Mortgage Weekly Update

Thanks to Declining Mortgage Rates, Refis Surge

By Aly Yale / October 8, 2020
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Refinancing activity once again surged, with applications jumping 8% over last week. They’re now 50% higher than this time a year ago and at their highest level since mid-August, according to the Mortgage Bankers Association’s weekly survey. Refis accounted for…

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Mortgage Weekly Update

Mortgage Applications Drop as Rates Hit Survey Low

By Aly Yale / October 2, 2020
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Mortgage activity ticked down this week, with total applications dropping 4.8%, according to the Mortgage Bankers Association. Purchase loan activity was actually up 2% for the week, but refinances dipped 7%. They’re still 52% higher than one year ago. The…

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Mortgage Weekly Update

Purchases, Refis Jump as Rates Dip Again

By Aly Yale / September 10, 2020
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Mortgage activity jumped over Labor Day weekend, with refinances rising  3% over the week, and purchase loans up a slight 0.2%. Both are still up considerably over the year. According to Joel Kan, the uptick was due to dropping mortgage…

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Mortgage Weekly Update

Mortgage Activity Jumps as Rates Hit Another Low

By Aly Yale / August 13, 2020
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Mortgage activity is surging once again, with overall applications up 6.8% from last week. According to the latest data from the Mortgage Bankers Association, purchases were up 2% over the week, while refinances jumped 9% — marking their 12th-straight weekly…

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