Mortgage credit availability increased slightly in July after a big drop in June, the Mortgage Bankers Association reported Thursday.
Commercial and multifamily mortgage loan originations jumped by 106 percent in the second quarter from a year ago and increased by 66 percent from the first quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
ICE Mortgage Technology, Pleasanton, Calif., reported new home purchases represented a higher percentage than refinances for the first time in nearly two years.
Fitch Ratings, New York, said long-term office leasing plans will not likely be affected even if U.S. corporations continue to delay their return-to-office plans.
Mortgage applications, led by renewed interest in purchases, increased by nearly 3 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending August 6.