Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.

 

Foreclosure Rate Lowest Since Fourth Quarter of 2006

May 23, 2018 - Foreclosure Rate Lowest Since Fourth Quarter of 2006 The latest National Delinquency Survey published by the Mortgage Bankers Association (MBA) shows that the delinquency rate on single-family homes and small multi housing communities with up to four units dropped to 4.63% during the first...

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Mortgage Markets Quiet After Turbulent Week

May 22, 2018 - Mortgage Markets Quiet After Turbulent Week US mortgage rates remained relatively unchanged on Monday. For most borrowers, this will be good news after last week, when rates surged to their highest levels in around seven years. The only respite came on Friday, but that was barely enough to...

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Increasing Share of Purchase Loans Slants Mortgage Data

May 18, 2018 - Increasing Share of Purchase Loans Slants Mortgage Data Ellie Mae’s Origination Insight Report for April shows that the mortgage rates on loans that closed last month were higher than they were at any other time since 2011. The company said the average mortgage rate on a 30-year fixed-rate home...

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Refinance Applications Drop Amid General Decline in Mortgage Applications

May 17, 2018 - Refinance Applications Drop Amid General Decline in Mortgage Applications A report released by the Mortgage Bankers Association yesterday shows that US mortgage applications to refinance existing home loans dropped to their lowest level in a decade. This happened against the backdrop of...

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Home Sales Drop Amid Rising Home Prices in Q1

May 16, 2018 - Home Sales Drop Amid Rising Home Prices in Q1 The quarterly report from the National Association of Realtors (NAR) for Q1 2018 shows that the national median price for existing single-family homes increased by 5.7% from Q1 2017 to $245,500. Price increases were recorded in 91% of the markets...

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