Mortgage Bankers Association

Home Builder Confidence Surges to New Record High as Sales Volume Grows

The construction industry’s outlook improved again in November, according to research from a trade group released Monday.

The post Home Builder Confidence Surges to New Record High as Sales Volume Grows appeared first on Real Estate News & Insights | realtor.com®.

What Happens If I Stop Paying My Mortgage?

If you don’t pay your mortgage, it will set you on the path to foreclosure, which means losing your house. It may take a while, but it’s a likely outcome.

The post What Happens If I Stop Paying My Mortgage? appeared first on Real Estate News & Insights | realtor.com®.

Millennials are refinancing in waves — especially older ones

Thanks to record-low mortgage rates, refinancing activity has jumped in recent weeks — especially with older-aged Millennials.

With Democrats in power, will CRA be expanded to nonbanks?

President Biden and Democrats in Congress have backed plans to subject a broader array of companies to Community Reinvestment Act requirements. But there’s no guarantee such reforms will happen.

New Home Purchase Applications Remained Strong to Year’s End

Posted To: MND NewsWire

The Mortgage Bankers Association (MBA) estimates that applications for the purchase of newly built homes rose only 0.2 percent from November to December, however, those applications were up 42.2 percent compared to December 2019. The information comes from MBA’s monthly Builder Application Survey (BAS) and was not adjusted for typical seasonal patterns. Based on those mortgage applications and assumptions regarding market coverage and other factors, MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 876,000 units in December 2020. This is an increase of 5.9 percent from the November pace of 827,000 units. On an unadjusted basis, there were an estimated 59,000 new home sold during the month, unchanged from the same level in November. “The new home…(read more)

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Acronyms of Real Estate: What Homebuyers Need to Know

The acronyms of real estate can be overwhelming. Here’s a list of the ones you’re likely to run into when buying or selling a house.

The post Acronyms of Real Estate: What Homebuyers Need to Know appeared first on Homes.com.

Mortgage and refinance rates today, January 21, 2021

Today’s mortgage and refinance rates  Average mortgage rates edged lower yesterday. It was a small drop but it inches them further toward the all-time low, though there’s still a way […]

Refinancing just got more expensive, thanks to this new fee

A new fee will be added to conventional mortgage refinances on September 1. Will this mean higher refinance rates? For some, it’s likely.