“With our April forecast, we lowered our figures for originations and marked up our expectations for mortgage rates, and today’s FOMC decision confirms those revised expectations. We expect mortgage rates to drop later this year, but not as far or as fast as we previously had predicted.”
–MBA Chief Economist Mike Fratantoni
FirstClose, Austin, Texas, released a recent survey of homeowners, finding many lack awareness of the advantages of leveraging home equity and other related topics.
In March, mortgage rates increased and affordability fell modestly by 0.1 percent compared with February, according to the Real House Price Index. On an annualized basis, affordability decreased by approximately 5 percent.
(One in a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
Mortgage applications decreased 2.3% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 26, 2024.
The hotel development pipeline continues to grow, according to data firm Lodging Econometrics, Portsmouth, N.H.
Jeffrey Weidell, CEO of Northmarq and 2024 Mortgage Bankers Association COMBOG Chair, testified at an April 30 congressional hearing about the health of the commercial real estate markets.
“MBA also estimates that roughly $1 trillion in commercial real estate mortgages will mature this year. However, it is also important to note that 96.8 percent of outstanding loans are performing.”
–Jeffrey Weidell, CEO of Northmarq and MBA 2024 COMBOG Chair
This cybersecurity “tabletop” webinar is designed to equip mortgage professionals with the knowledge, skills, and awareness needed to protect their businesses, clients, and the broader financial ecosystem.
Industry personnel news from Corporate Settlement Solutions, Informative Research, Certainty Home Lending and Merchants Bank.
