Refinance

Mortgage prepayment speeds fell to their lowest level in 10 years in November as rising interest rates took a toll on origination activity, according to Black Knight.

Adjustable-rate mortgages in November had their highest share of closed loans since Ellie Mae started tracking this data in 2011 as rates for 30-year loans reached 5.15%.

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.

Fannie Mae made a slight increase to its origination forecast, expecting housing affordability to improve in 2019 as mortgage rates remain flat and home price appreciation moderates.

Intense competition among homebuyers remains as shown by the continual growth of median down payments, according to Attom Data Solutions.

Mortgage lenders are more pessimistic than ever about the industry's profit margin outlook, with many blaming tight competition for the negative attitudes, according to Fannie Mae.

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.

The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product.

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

The U.S. Department of Veterans Affairs' report for its 2018 fiscal year reveals that the number of service members utilizing their home loan benefits, as well as the total loan funding offered, have increased significantly throughout Arizona in the last five years.