Mortgage Rates Fall to Record Low

The 30-year fixed-rate mortgage averaged 2.86 percent last week, the lowest rate since at least 1971, reported Freddie Mac, McLean, Va.

Mortgage Rates Fall to Record Low

The 30-year fixed-rate mortgage averaged 2.86 percent last week, the lowest rate since at least 1971, reported Freddie Mac, McLean, Va.

MBA Doubles 2020 Refinance Forecast

The Mortgage Bankers Association this week issued its revised Mortgage Finance Forecast and Economic Forecast, in which MBA doubled its previous 2020 refinance mortgage originations projections.

‘Sudden Uptick’ in Fraud Risk Raises Eyebrows

First American Financial Corp., Santa Ana, Calif., said its monthly Loan Application Defect Index showed a jump in mortgage fraud risk for purchase transactions, the first such increase since last March.