Refinance

The Federal Housing Finance Agency will extend the same GSE benchmarks of the past three years into 2021.

Strong growth in refinance volume following several weeks of so-so activity drove a 5.1% week-to-week increase in mortgage applications, according to the Mortgage Bankers Association.

However, those who aren't current bank customers need to have $1 million in a qualifying account.

The current refinancing boom might seem like the worst time to buy leads, but for some, it may be the best.

Booming refinancing is expected to more than offset the tighter underwriting in second-quarter mortgage results.

For the first time in three weeks, mortgage application volume increased, this time by 2.2%, as purchase activity was up in a holiday-shortened week, according to the Mortgage Bankers Association.

The $38.7 billion of equity withdrawn during the period was down 8% from the fourth quarter.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