Mortgage Insights

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

 

Home Loan Applications for New Homes Higher Last Month

Mar 14, 2018 - According to the latest Builders Applications Survey (BAS) released by the Mortgage Bankers Association (MBA) this week, there was a 3% increase in home loan applications to purchase new homes in February. Last month’s figure was also 4.6% higher than that of February last year. In a press...

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Mortgage Rates Fail to Reach New Highs on Wednesday

Mar 1, 2018 - After reaching a four-year high on Tuesday, mortgage rates dropped marginally on Wednesday. Those with a fairly pessimistic view of the situation might point out that yesterday’s closing rates are still fairly close to their highest levels in four years and that one day with a minor correction...

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Mortgage Rates Drop for Three Consecutive Days

Feb 27, 2018 - US mortgage rates dropped for the third consecutive day on Monday, marking the first time this has happened since last year. Last week also walked away with a “best in 2018” badge, and this week’s performance has been slightly less spectacular. Although technically rates did drop for the third...

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Mortgage Rates Now Approaching Four-Year High

Feb 23, 2018 - US mortgage rates are now close to their highest levels in four years. This comes after investors started shunning bonds in light of more inflation fears and tighter central bank policies, driving bond yields higher. According to Freddie Mac’s regular weekly survey released yesterday, the...

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Insufficient Inventory Causes Drop in Existing Home Sales

Feb 22, 2018 -  According to the National Association of Realtors (NAR), existing home sales – which includes sales of condos, single-family homes and co-ops – dropped by 3.2% to 5.38 million last month compared to the 5.56 million recorded in December 2017. This figure was also 4.8% lower than that of...

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