Mortgage applications fell for the seventh straight week, with rising mortgage rates pushing refinance applications to their lowest level since 2000, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Nov. 4.
MISMO Members elected the following individuals to join the Residential and Commercial Standards Governance Committees for the 2023-2024 term:
Redfin, Seattle, reported new construction took up a record percentage of housing inventory in the third quarter, partly filling a gap left by hesitant existing homeowners as the housing market slows.
Maturing commercial mortgage-backed securities loans have elevated refinancing risk due to rising interest rates and a weakening macroeconomic outlook, reported Fitch Ratings, New York.
Commercial and multifamily mortgage loan originations decreased 13 percent in the third quarter from a year ago, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.