Only a Modest Decline For Mortgage Apps. Next Week Should Improve
Mortgage applications continued to lose ground as mortgage rates held near their highest levels in nearly three years. The Mortgage Bankers Association (MBA) reported a 2.7% decline in total mortgage application volume for the week ending October 9. That's an important date, because a substantial ma
First Horizon sells $4.5B mortgage portfolio at discount
Bank is moving to align its mortgage production more closely with core relationship clients
Mortgage Rates Slightly Higher Today, But Sharply Lower This Week
After dropping sharply over the past 5 days, mortgage rates finally reminded us that they're still capable of moving higher. Thankfully, today's bump was modest in the recent context, only adding 0.04% to a 30yr fixed that had fallen 0.27% since October 7th. Even though today's losses were minimal,
Pamela Heman
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