Mortgage Applications Fall on Higher Rates, Market Volatility – The decrease follows a 4.9% increase the previous week. As of last week, mortgage application volume had fallen on an overall basis. economic and industry forecasts for the MBA, notes that.
Application. drive the increase. “Last week, mortgage rates fell even further to 4.35 percent, their lowest level since February 2018,” Fleming says. This drop in rates resulted in a “mini boom” in.
Former Fannie exec to lead Flagstar lending unit Thomas H. Lee to sell part of its Black Knight investment Thomas H. Lee Partners Affiliates Sell 5 Million Shares of Common Stock of Black Knight Financial Services. BKFS is a leading provider of integrated technology, workflow automation, data and analytics to the mortgage and real estate industries. It is controlled by Fidelity National Financial, a leading provider of title insurance,
Prediction #1: Purchase mortgage volume will increase. Freddie Mac’s first prediction for the mortgage market in 2018 is that we will see an increase in the number of purchase loans (used by home buyers). They expect purchase origination volume to be higher in 2018 than it was in 2017.
Bottom Line: Mortgage rates nudged higher in the first two weeks of April, sending applications for mortgage refinancing lower. Purchase applications, though, held up, even inching a touch higher. applications for 5-year Adjustable Rate Mortgages (5-year fixed then flowing with 30-year amortization schedule) came back down to a more normal share of overall applications after a surprising.
Mortgage applications to purchase a home fell 2 percent for the week but were 13 percent higher than a year ago. Purchase volume is less sensitive to weekly rate moves, and buyers today continue to be.