Refi Demand Logically Lower While Purchases Grind Sideways
Mortgage demand remained subdued last week as the 30-year fixed rate climbed above 7%. The Mortgage Bankers Association (MBA) reported a 1.5% decline in total mortgage application volume for the week ending September 18, following a 4.1% drop the week before. Purchase activity was the only saving g
Mortgage Rates Had a Better Day, Ultimately Dropping Just Slightly
(NOTE: This article was updated at 5:30pm from the version originally published at 2:36pm ET to reflect late day rate improvements). Mortgage rates have risen more than half a point in 2 weeks. While that's certainly not the fastest jump we've seen, it is an extraordinarily uncommon pace--happening
Proposal seeks to standardize MSR accounting for recapture values
Analysts say the change should boost transparency but is unlikely to move MSR carrying values
Pamela Heman
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