Mortgage applications for new home purchases rose 3.8% year over year in May but fell 3% from April, according to the Mortgage Bankers Association (MBA)’s Builder Application Survey, released Thursday. The figures are not seasonally adjusted. New home purchase activity softened during the month, with the MBA estimating new home sales at a seasonally adjusted […]
MBA new home applications fall 3% as rates top 6.5% Read More »
Mortgage rates spiked yesterday after the Fed announcement. The primary driver was the Fed’s revised outlook for potential rate hikes later this year. Because the Fed Funds Rate governs ultra-short-term transactions (24hrs or less), it has the biggest impact on the shortest-term debt and a diminishing impact on longer term debt. While the typical mortgage
Mortgage Rates Stage Decent Recovery of Post-Fed Losses Read More »
Fraud prevention firm CertifID announced an expansion of its operational scope with the acquisition of CloseSimple, a digital communications and automation platform that counts hundreds of title companies as users. Processing Content The merger aims to combine some of the key services conducted at the end of a real estate transaction — identification and fraud
CertifID adds operational scope with CloseSimple acquisition Read More »