Mortgage refinance booms are a thing of the past: MBA chief economist

 · Mortgage rates are now below 3.97%, down from 4.12% in early October, according to Freddie Mac. In July, Freddie’s chief economist, Frank Nothaft, announced that the last refinance boom was "officially" over at the end of the second quarter. Overall refinance activity has drifted below 50% of industry originations since then.

MBA. refinance share of mortgage activity increased to its highest level in a year, 46.8 percent of total applications, from 45.8 percent the previous week. In commenting on the improved activity,

Freddie Mac has officially declared that the refinancing boom is over. The company’s Refinance Report for the second quarter of 2014 said that the longest refinance boom. chief economist, said.

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According to LeGate, this kind of thing just started to happen in the past month or so. Allen Hardester, director of business development for mortgage broker Guaranteed. a drop in home prices this.

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Mortgage Refinance Booms are a Thing of the Past: MBA Chief Economist The era of plentiful refinance volume is over for the foreseeable future, the result of mortgage rates remaining in a very narrow band for the past decade, said Mortgage Bankers association chief economist mike fratantoni.

The era of plentiful refinance volume is over for the foreseeable future, the result of mortgage rates remaining in a very narrow band for the past decade, said Mortgage Bankers Association Chief Economist Mike Fratantoni. The unexpected drop in mortgage rates since last November was "incredibly positive" for the home purchase business following the rapid

"If we stay at this level of activity, we’ll call it a boom," says Doug Duncan, the MBA’s chief economist. "It has to be sustained." The good news is that the current rush began several weeks.

Surging prices for new homes suggest tight low-end supply (Bloomberg) — Record prices for new U.S. homes amid a sales pickup indicate the supply of houses may be tight at the lower end of the market, pinching first-time buyers, government data showed Friday. Low mortgage rates, a solid labor market and rising wages continue to drive steady demand for.

There was plenty of foreshadowing, but Fannie Mae’s Chief Economist Doug Duncan said last week that cost-cutting has risen as a priority for mortgage lenders. Both the mortgage bankers association’s.

MBA Newslink Wednesday 5-22-19 | Mortgage Bankers Association – Mortgage Refinance Booms are a Thing of the Past: MBA Chief Economist National Mortgage News, May 21, 2019–Brad Finkelstein The era of plentiful refinance volume is over for the foreseeable future, the result of mortgage rates remaining in a very narrow band for the past decade, said Mortgage Bankers Association Chief Economist Mike Fratantoni.

U.K. house price growth stays subdued as Brexit woes persist There’s More to the U.K.’s Economic Woes Than brexit. june 11, 2016 – Weekly Market Outlook. It seems Brexit isn’t entirely to blame. Almost every economist in a Bloomberg survey said that uncertainty surrounding the U.K.’s vote on European Union membership is only part of the story behind weaker economic growth this year.