Refinance

Continual declines in the refinance share of mortgage originations led to prepay rates dropping to their lowest levels since 2009, according to Black Knight.

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.

Mortgage rates started 2019 by continuing their decline but as consumers worry about the broader economy that might not help to increase home sales, according to Freddie Mac.

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.

Falling mortgage rates have reached the point where they are spurring speculation about a possible resurgence in refinancing.

By honing her ability to fix inefficiencies and identify new profit opportunities, Mary Ann McGarry broke down gender barriers and found success as CEO of Guild Mortgage. The key, she says, is remaining adaptable and collaborative without losing focus on end goals.

Cash-strapped lenders need to find a way to consistently fund marketing that resonates with more cultures if they really want to be able to replace lost volume by reaching underserved borrowers.

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.