Should mortgage interest rates go higher—and the Mortgage Bankers Association predicts they will hit 4% by the end of the year—home buyers on a fixed budget stand to lose some economic power, said Redfin, Seattle.
Category: News and Trends
Industry Briefs Feb. 10, 2022: Insellerate Gets Capital Investment
Insellerate, Newport Beach, Calif., a provider of customer relationship management and marketing automation platforms to the mortgage lender and real estate industries, announced a strategic investment led by Argentum with participation from First Analysis.
MBA National Advocacy Conference in Washington Apr. 26-27
The Mortgage Bankers Association’s annual National Advocacy Conference takes place Apr. 26-27 at the Renaissance Downtown Hotel in Washington, D.C.
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“If rates were to rise much further in a typical market, we would expect there to be a turning point. Buyers would go from feeling more urgency to buy to feeling less urgency. That’s because rates would ultimately reach a point where renting is more feasible than buying.”
–Daryl Fairweather, Chief Economist with Redfin, Seattle.
MBA Weekly Applications Survey Feb. 9, 2022: Rising Rates Put Damper on Refis
Mortgage interest rates continued to rise last week, snagging momentum for homeowners eager to refinance before rates go up further, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending February 4.
A Sneak Peak at MBA CREF22
After a virtual conference in 2021, join more than 2,400 of your commercial real estate colleagues in person next week for the MBA Commercial/Multifamily Finance Convention & Expo.
Sign the MBA Home for All Pledge
The Home for All Pledge represents our industry’s long-term commitment on a sustained and holistic approach to address racial inequities in housing.
People in the News Feb. 10, 2022: Button Finance Names Amanda Niswonger Sr. Acct. Manager; Mortgage Tech Guru Roger Gudobba Passes Away
Button Finance Inc., New York, appointed Amanda Niswonger as Senior Account Manager, focusing on developing and nurturing institutional mortgage broker relationships.
MBA, Trade Groups Urge Senate Support of ‘Tough Legacy’ LIBOR Bill
The Mortgage Bankers Association and more than a dozen industry trade groups on Monday urged Senate leadership to support legislation that would address “tough legacy” contracts that currently reference the soon-to-expire London InterBank Offered Rate.
MBA Technology Solutions Conference & Expo in Las Vegas Apr. 11-14
The Mortgage Bankers Association’s annual Technology Solutions Conference & Expo takes place Apr. 11-14 at the Bellagio Las Vegas.