MBA Weekly Applications Survey Dec. 8, 2021: Rates Drop; Refis Up
Mortgage interest rates fell for the first time in four weeks, sparking an uptick in refinance activity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending December 3.
MBA, Trade Groups Ask House Approval of Bill Addressing LIBOR ‘Tough Legacy’ Contracts
The Mortgage Bankers Association and nearly two dozen industry trade groups asked House leaders to secure approval of legislation that would address “tough legacy” contract that currently reference the soon-to-be-obsolete London InterBank Offered Rate.
CoreLogic: Annual Home Price Growth at Record 18%
CoreLogic, Irvine, Calif., said annual home price growth remained strong at 18% in October, the highest recorded in the 45-year history of its monthly Home Price Index.
MBA Commends HUD Guidance on Special Purpose Credit Programs
HUD on Dec. 7 released guidance clarifying special purpose credit programs that conform with the Equal Credit Opportunity Act and Regulation B generally do not violate the Federal Fair Housing Act.
Commercial Property Price Growth Breaks Records as Demand Swells
U.S. commercial property price growth reached its fastest annual rate in years this fall amid intense investor demand for commercial real estate, Real Capital Analytics reported.
