The VA

Purchase mortgage application volume reached its highest level in almost nine years as homebuyers took advantage of what might be a fleeting window for lower interest rates.

Acting Ginnie Mae President Michael Bright will leave his post on Jan. 16 and will no longer seek confirmation to be the permanent head of the mortgage secondary market agency.

Consumers reacted in a big way to falling interest rates as mortgage applications increased 23.5% from one week earlier, according to the Mortgage Bankers Association.

Despite mortgage rates continuing their two month downslide, applications decreased 9.8% from two weeks ago due to market uncertainty, according to the Mortgage Bankers Association.

Home retention actions from Fannie Mae and Freddie Mac through the first three quarters of 2018 already eclipsed 2016 and 2017 while forfeitures kept declining, according to the Federal Housing Finance Agency.

Mortgage applications decreased 5.8% from one week earlier, although rates fell during the period to their lowest point in three months, according to the Mortgage Bankers Association.

Mortgage applications to purchase newly constructed homes continues to decline, driven by affordability concerns among potential buyers, the Mortgage Bankers Association said.

Mortgage applications rose 1.6% from one week earlier as falling interest rates contributed to a boost in refinance activity, according to the Mortgage Bankers Association.

Mortgage credit available to consumers increased in November by 1.1% from the previous month as lenders offered more conventional products with expanded underwriting criteria, the Mortgage Bankers Association said.

Growing home prices and climbing interest rates didn't stop millennials from buying houses in October, Ellie Mae said.