Here’s a quick recap of housing market stories that have recently come across the MBA NewsLink desk:
Tag: Joe Tyrrell
ICE: Purchases Eclipse Refinances for First Time in 18 Months
ICE Mortgage Technology, Pleasanton, Calif., reported new home purchases represented a higher percentage than refinances for the first time in nearly two years.
Millennial Homeownership Increases as Credit Loosens
ICE Mortgage Technology, Pleasanton, Calif., said the number of purchase loans closed by millennials in May jumped to 67%; for younger millennials, the percentage was even higher (82%).
ICE: Time to Close Falls 4th Straight Month
ICE Mortgage Technology, Pleasanton, Calif., issued its Origination Insight Report for April, showing average time to close on all loans fell for the fourth consecutive month to 51 days.
Survey Shows ‘Momentous’ Surge in Technology Adoption
The coronavirus pandemic has permanently changed the way consumers use technology and those looking to buy or refinance a home are seeking lenders who offer online tools to complete their mortgage loans from home, according to ICE Mortgage Technology, Pleasanton, Calif.
ICE: Millennial Purchase Activity Increases Despite Rising Rates
ICE Mortgage Technology, Pleasanton, Calif., said purchase activity among millennials increased in March, even as interest rates rose for the first time in six months.
ICE: 1Q Sees Significant Reduction in Time to Close
ICE Mortgage Technology, Pleasanton, Calif., said time to close all loans decreased over the first quarter, from 58 days in January to 52 days in March.
Millennials Lean into Refis
Refinance activity increased sharply for Millennial borrowers in February, according to the ICE Mortgage Technology Millennial Tracker.
Millennials Get Comfortable with Mortgage Process
Reports from ICE Mortgage Technology and Zillow illustrate not only how comfortable they have become with the mortgage process—particularly online—but also in what kind of mortgages they obtain.
Housing Market Roundup
Here’s a quick-hit summary of several housing and housing finance reports released over the past several days: