by Candace Ellington | Nov 16, 2020 | Mortgage News
A major push from homeowners applying for refinance loans drove the overall volume of mortgage applications. According to the Mortgage Bankers Association, a significant number of homeowners applied for a new refinance loan to close out the month of October. The...
by Candace Ellington | Sep 18, 2020 | Mortgage News
Nearly 20 million American homeowners qualify for refinance programs that will save them hundreds of dollars per month on their mortgage. Freddie Mac’s Mortgage Market Survey also shows a seven-basis point drop in the 30-year mortgage rate. It’s a new record low. The...
by RyanM | Apr 15, 2020 | Mortgage News
The financial turmoil sparked by the coronavirus outbreak has one upside for homeowners: Cash-out refinancings are spiking along with overall refinancings, as borrowers rush to take advantage of mortgage rates that are down significantly from a year ago. The practice,...
by Candace Ellington | Feb 12, 2020 | Mortgage News
Spurred by ongoing reductions to mortgage rates, the refinancing world is spinning a little faster these days. According to the Mortgage Banker Association, the volume of loan applications rose substantially to close out the first month of the year. The association's...
by Candace Ellington | Dec 6, 2019 | Mortgage News
Just a few months ago, refinance loans made up more than half of all loans closed, according to Ellie Mae’s October Origination Insight Report. The monthly report noted that, previously, the highest percentage took place in March 2015. One of the contributing factors...