Mortgage rates

Low mortgage rates are setting the stage for growth, not just in refinancings, but in purchase volume as well during 2020, according to Ellie Mae.

Quontic has rolled out a streamlined non-qualified mortgage refinance product that will not require the borrower to provide verifications or documentation.

Finance Minister Bill Morneau is relaxing mortgage qualification rules to make it easier for homebuyers to secure financing, a move that could give Canada's real estate market another boost.

A dip in conventional mortgage refinance demand drove mortgage application volume down compared with one week earlier, according to the Mortgage Bankers Association.

New-home construction remained robust in January and applications to build jumped to the highest level since 2007 as low mortgage rates and a solid labor market continued to fuel housing demand.

For the first time since the start of the housing crisis, mortgage origination volume could top $2 trillion for three consecutive years, according to Fannie Mae.

The resale side of the Colorado Springs-area housing market has picked up in 2020 where it left off last year: record high prices and strong sales that are great for sellers, but a sharp drop in the supply of homes that continues to torment buyers.

North Texas home sales started 2020 with a bang, surging 21% in January from a year earlier.

As the hunt for yield intensifies, investors including Pacific Investment Management Co. see an attractive opportunity in mortgage bonds.

Freddie Mac saw a decline in net profit in 2019 due to decreased interest rate income, lower amortization revenue and risk-reducing investment costs, but its consecutive-quarter results improved.

Mortgage rates ticked up slightly, marking the first increase in four weeks, but they remain at levels which encourage borrowers to refinance, according to Freddie Mac.

While boosting origination volume for lenders and providing financial benefits for borrowers, the refinance boom could have adverse effects down the road, according to TransUnion.

Buyers are rushing into the housing market to take advantage of falling borrowing costs. Now, they're facing rising prices.

Refinance application activity last week was the highest in nearly seven years, with more than triple the volume from one year ago, according to the Mortgage Bankers Association.

Banks' lowering of origination fees and loosening of underwriting standards often foreshadow a downturn.

Oahu's housing market started a new year on all major positive notes, according to new data that showed median prices and sale volumes rose in January after some weakness last year.

Despite a drop in multifamily loan volume, industrial, health care, office and retail originations pushed overall multifamily and commercial mortgage lending to unprecedented heights, according to the Mortgage Bankers Association.

Consumer sentiment about purchasing a home nears its record high as almost half of those surveyed said mortgage rates will stay at the current low levels, according to Fannie Mae.

A larger percentage of newly originated mortgages to millennials shifted toward purchase loans as interest rates stayed low, according to Ellie Mae.

While loan officers will remain mortgage lenders' leading business development tool in the future, those originators believe business will come from a more diversified source pool, a Fannie Mae survey found.