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Housing market stays hot into fall with mortgage applications up 6.8%

Housing Wire

According to Mike Fratantoni, chief economist and vice president of research and technology at MBA, 2003 was the last time refinance activity was as high as the $1.75 The post Housing market stays hot into fall with mortgage applications up 6.8% of total applications from 62.8% the week prior. appeared first on HousingWire.

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Lenders target growing Hispanic homeownership market

Housing Wire

The new program and tool launches come as potential Hispanic home buyers face a tight housing market with historic low level of supply for affordable homes. CrossCountry, founded in 2003 by Ronald Leonhardt, has more than 8,000 employees with nearly 600 branches across 50 states. Presented by: Mortgage Coach.

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2020 housing disruption paves the way for years to come

Housing Wire

While we may be ready to firmly plant our feet in 2021, we shouldn’t leave the past 12 months behind without taking a critical look at how the COVID-19 pandemic has impacted the housing market, and how it will pave the way for 2021 and beyond.

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MBA predicts record purchase mortgage volume in 2021

Housing Wire

The housing market has seen a meaningful rebound since the onset of the pandemic,” said Mike Fratantoni, MBA chief economist. trillion in mortgage originations – the highest since 2003 and a 50% increase from 2019. . trillion in mortgage originations – the highest since 2003 and a 50% increase from 2019. .

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The last time houses were this unaffordable was 2006

Housing Wire

Adjustable-rate mortgages, which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for borrowers in a challenging housing market. How lenders can continue to serve borrowers despite housing affordability challenges. As of mid-April, applications for ARM mortgages jumped to 8.5%

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What will housing credit look like in next recession?

Housing Wire

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.

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Are we seeing a cash-out refinance crisis?

Housing Wire

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. In the 2020 market, on the other hand, refinances were not driven just by an increase in equity but lower mortgage rates.

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