Mortgage applications fell for the third straight week to their lowest level since 2018, despite interest rates falling for the fourth time in five weeks, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 27.
Category: News and Trends
Patrick Gluesing: After Rapids of Refinance, Quality Mortgages Calm the Waters
For the past two years, as rates plummeted to historical lows—due largely to outside factors—originators and servicers have enjoyed the rushing rapids of origination volume. Now that rates are rising and refi volumes have slowed, organizations need to find other areas of growth, such as non-QM loans and mortgage servicing rights.
MBA CONVERGENCE Partner Profile: Dan Ticona of Freddie Mac
Dan Ticona leads the Housing Solutions team within the Single-Family Client and Community Engagement division at Freddie Mac, McLean, Va., focused on developing innovative solutions to reduce barriers to homeownership.
MISMO Spring Summit in Charleston June 6-9
The MISMO Spring Summit takes place June 6-9 in Charleston, S.C.
MBA Weekly Survey June 1, 2022: Applications at 4-Year Low
Mortgage applications fell for the third straight week to their lowest level since 2018, despite interest rates falling for the fourth time in five weeks, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 27.
CBRE: Hotel Market Sees 2023 Full Recovery
CBRE, Dallas, raised its hotel performance forecast based on first-quarter strength, slow construction activity, higher inflation and continued optimism about employment and economic growth.
Inflation, Rising Interest Rates Cool Consumer Confidence
The Conference Board, New York, said its Consumer Confidence Index decreased slightly in May, following a small increase in April.
Home Price Appreciation Not Slowing Down Yet
Home prices roared into March like a lion and left March like…well, a lion.
Dealmaker: Cushman & Wakefield, Greystone Close Alabama Multifamily Sale, Financing
Cushman & Wakefield and Greystone arranged provided acquisition financing for City Heights Hoover, a 160-unit multifamily community in suburban Birmingham, Ala.
Patrick Gluesing: After Rapids of Refinance, Quality Mortgages Calm the Waters
For the past two years, as rates plummeted to historical lows—due largely to outside factors—originators and servicers have enjoyed the rushing rapids of origination volume. Now that rates are rising and refi volumes have slowed, organizations need to find other areas of growth, such as non-QM loans and mortgage servicing rights.