Category Archives: Refinance

Mortgage Applications Go Up Driven by Refinance


The applications for mortgage loans in the United States rose by 7.3% in the week ended December 5th 2014. This is revealed by the data in the Weekly Mortgage Applications Survey of the Mortgage Bankers Association. The seasonally adjusted Market

Mortgages More Difficult to Obtain for the Self-Employed

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Americans who are self-employed have to meet higher mortgage requirements when applying for a home loan. This is revealed in a new research report by the online real estate database Zillow. Zillow found that self-employed individuals receive nearly two times

Further Drop for Mortgage Rates


The average rate on a 30-year fixed-rate mortgage declined to 3.89% in the week ending December 4th 2014. This is the lowest level which it has reached since the end of May 2013. The statistical data was released in the

Mortgage Rates Keep a Steady Low Course

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The average rate on a 30-year fixed-rate mortgage remained below 4% during the week ended November 26th, according to Freddie Mac. The company’s Primary Mortgage Market Survey found that it dropped to 3.97% from 3.99% in the previous week. The

Mortgage Loan Limits for 2015 Announced by FHFA

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The Federal Housing Finance Agency has published the limits which define the maximum size of the conforming mortgage loans that can be acquired by Fannie Mae and Freddie Mac in 2015. In most of the United States, the limits for

Mortgage Delinquency Lowest in 7 Years According to Black Knight

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The mortgage delinquency rate experienced a decrease in October 2014 to reach a 7-year low. This was revealed in the “First Look” report for the month prepared by the Data and Analytics Division of Black Knight Financial Services. The U.S.

Mortgage Refinancing Reached Eight-Month High in October


The level of mortgage refinancing activity in the United States in October reached its highest level since February of this year. This was one of the highlights of a recent report issued by the London-based research consultancy Capital Economics. The

Increase in Cash-Out Mortgage Refinancing During the Third Quarter

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The net home equity which was cashed out during refinancing of conventional mortgage loans in the third quarter is estimated to be $8.00 billion. This estimate was produced in the 2014 Third Quarter Refinance Report compiled by Freddie Mac. The

Fewer Mortgage Applications As Demand for Refinance Decreases


Mortgage applications declined by 6.6% on a seasonally adjusted basis during the week ending October 24th. This is revealed in the Weekly Mortgage Applications Survey compiled by the MBA. This weekly decline came after an increase of 11.6% during the

Higher Mortgage Default Rates in September


The first mortgage default rate was 0.93% in September 2014, according to the latest S&P/Experian Consumer Credit Default Indices. It rose by 2 basis points from August when it was 0.91%. Despite its increase for a second month in a

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