With a foundation built on 43 years of experience, PCV Murcor brings a deep understanding of our clients’ goals that complements appraisal modernization.
Category: News and Trends
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 3.9% from one week earlier, according to the Mortgage Bankers Association’s Weekly Applications Survey for the week ending July 12, 2024.
Quote: July 18, 2024
“Applications for new home purchases slowed in June, consistent with broader declines in single-family construction and new building permits as well as typical seasonal patterns.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
In Case You Missed It: A Look at the Second Annual mPact Summit and What’s Next
This spring, more than 100 mortgage industry professionals gathered in Plano, Texas, for a day of learning and networking, largely aimed at young and early-career participants.
RealPage: Apartment Demand Remains Very Strong
RealPage, Richardson, Texas, found that year-to-date data points to 2024 shaping up to be one of the strongest years of apartment demand on record.
After Long Career in the Industry, Stan Rhodes Passes Away at 77
Stan Rhodes, a long-time innovator and leader in the mortgage and banking industries, passed away on June 27 after a battle with illness. He was 77 and resided in Washtenaw County, Mich.
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With a foundation built on 43 years of experience, PCV Murcor brings a deep understanding of our clients’ goals that complements appraisal modernization.
Quote: July 17, 2024
“Mortgage rates declined last week, as recent signs of cooling inflation and the increased likelihood of
Fed rate cuts later this year pulled them lower. The 30-year fixed rate declined to 6.87%, the lowest
rate since March 2024.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Cenlar’s Shanth Ananthuni: Mortgage Servicers Embrace Technology to Drive Better Homeowner Experiences
Servicing, which has historically been considered a tech-underinvested industry, is shifting toward the cutting edge, delivering new solutions to improve effectiveness, decrease risk and drive a better experience for both clients and their homeowners.
TruStage Financial Services: Credit Union Mortgage Lending Rises Slightly
Credit union fixed-rate mortgage lending rose 0.1% (seasonally adjusted annual rate) in April, according to TruStage Financial Services, Madison, Wis.