It was a short day for the bond market that underlies mortgage rates, but a good one. A side effect of holiday weeks and early market closures is a bit of random volatility without any obvious justification. When volume and participation are low, bonds can move a bit more than they otherwise might. All that […]
Lowest Rates in Nearly a Month Read More »
Homes in Centreville, Maryland.Nathan Howard/Bloomberg Home loan applications fell in consecutive weeks for the first time in two months, according to the Mortgage Bankers Association. Processing Content The MBA’s Market Composite Index, a measure of mortgage loan application volume, dropped 5% on a seasonally-adjusted basis from one week prior for the period ending Dec. 19.
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Fannie Mae revised its 2026 mortgage expectations marginally upward, with borrower interest in refinances, in particular, more likely to provide opportunities following the more muted activity of the past few years. Processing Content In its December housing outlook, the government-sponsored enterprise increased its forecasted volume for total originations next year to $2.37 trillion after a
Fannie Mae ups mortgage originations outlook Read More »