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Purchase Applications Buoy Mortgage Demand Amid Rising Rates
Mortgage application activity continued to move higher last week, though the pace slowed considerably as financial markets turned volatile and mortgage rates moved back up from their recent lows. The Mortgage Bankers Association (MBA) reported an increase of 3.2% on a seasonally adjusted basis for t
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Modest Recovery Keeps Existing Home Sales in The Same Old Range
Existing-home sales rebounded modestly in February, recovering some ground after January’s sharp pullback, while improving affordability and slowly expanding inventory helped support buyer activity.Sales rose 1.7% to a seasonally adjusted annual rate of 4.09 million . “Housing affordability is
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UAD 3.6, AI, Processing Tools; Capital Markets Deep Dive: the Undercurrents Moving Mortgage Rates
Products, Services, and Software for Brokers and Lenders Increase Your Business with Renovation Loans! Renovation lending is one of the biggest opportunities for brokers looking to expand their pipeline in today’s market. When inventory is limited, renovation financing helps turn fixer uppers into c
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Decent Start, Lower Oil Prices, Weaker Data
There's a high bar for econ data to have any impact on bonds these days and that's especially true of inflation reports like this morning's PCE. Thankfully, no one needs to make a case for PCE having an impact, but the small amount of help for bonds came from a big miss in core retail sales and, to
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