Originations

But the latest employment report also reveals that if construction hiring remains sufficiently strong, home purchase originations are on track to grow to $1.7 trillion from $1.6 trillion next year.

Besides making the deduction permanent, the bill doubles the income threshold for those eligible to claim it.

Treasuries plunged following news of the omicron variant, but subsequently reversed course.

The news comes just a day after the company restructured its merger with Aurora Acquisition to put $750 million in cash on its balance sheet right away.

The agency must raise its upper and lower levels in tandem with the new conforming loan limits by law.

The new terms, which still value the New York-based mortgage lender at $6.9 billion, include a $750 billion convertible bridge note.

Purchase applications increased for the fourth consecutive week, with the average loan amount at its highest since February.

The increase that followed in the pandemic’s wake is subsiding, and migration patterns are shifting, according to Redfin.

Higher sales commissions helped to drive production costs to their second-highest level since the Mortgage Bankers Association started its survey in 2008.

Though unlikely to derail a hot housing market, another surge in COVID-19 cases could cloud the outlook for economic growth, analysts said.