Refinance

The $38.7 billion of equity withdrawn during the period was down 8% from the fourth quarter.

As the country wrestles economic volatility, millennial homeownership demand rises, fueled by historically low mortgage rates.

Mortgage application volume was down for the second consecutive week, this time by 1.8%, as a new record low for rates was not enough to overcome diminished demand, according to the Mortgage Bankers Association.

First American's Loan Application Defect Index is higher on a month-to-month basis for the first time since February 2019.

Even as interest rates remained at record-low levels, mortgage application activity for both purchases and refinancings declined compared to one week earlier, according to the Mortgage Bankers Association.

The delinquency rate at the end of May was the highest in over eight years, but that includes borrowers in forbearance plans.

Purchase mortgage application volume was at its most in over a decade as consumer confidence continued to improve in the aftermath of the coronavirus shutdown, according to the Mortgage Bankers Association.

The report by Unison also advised investors to focus on "diversified residential real estate" over traditional retail and office spaces.

Credit unions have seen historic mortgage growth so far this year despite the pandemic, but there are concerns some institutions may be overly relying on refinancing and not focusing enough on generating new purchase business.

Unemployment is high. Credit is tight. And scientists are warning that a dangerous second wave of the coronavirus is coming. But somehow, U.S. mortgage companies are having one of their best years in history.

The expected rise in refinance volume overrides pessimism about purchase activity for their businesses.

Mortgage applications increased 9.3% from one week earlier, fueled by low mortgage rates and the release of pent-up demand, according to the Mortgage Bankers Association.

With the impacts of the coronavirus in full bore, housing market experts predict home prices to fall in 2020.

Millennial refinance activity hit a new high-water mark behind historically low mortgage rates, up 40 percentage points from the year before, according to Ellie Mae.

Purchase mortgage application volume continued its upswing as consumers acted on record low rates, but high unemployment and low inventory could hold home buying activity back in the future, the Mortgage Bankers Association said.

Mortgage investors have yet to enjoy robust returns this year despite the Federal Reserve providing $688 billion of support to the sector since mid-March.

The Federal Reserve's actions should keep interest rates down and bring home sales back in June, according to NerdWallet.

Mortgage applications increased 2.7% from one week earlier, as purchase volume is now outpacing the prior year's activity, according to the Mortgage Bankers Association.

With mortgage rates reaching all-time lows in the opening quarter, refinance originations were up in 97% of housing markets during 1Q, according to Attom Data Solutions.

The funds will allow the company to make further investment in its machine language technology.