Rising Mortgage Rates Shut 1.4M Out of Refinance Market: Black Knight

Mortgage interest rates have been rising all year, potentially shutting first-time home buyers out of the market. But the increase in mortgage rates is also affecting homeowners looking to refinance, with more than 1 million now unable to get into a cheaper loan product. That’s according to data analytics company Black Knight, […]

Lower mortgage rates push more borrowers to refinance, as Harvey mucks up the data

Total mortgage application volume increased 3.3 percent, from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume remains 23 percent lower than the same week one year ago, when rates were even lower. After pulling back for the last few weeks, more homeowners applied for a […]

Weekly mortgage applications to purchase a home drop 3%, even as falling rates spark a rush to refinance

  Jamie Rector | Bloomberg | Getty Images Another drop in mortgage interest rates continued to confound expectations, but current homeowners saw a clear path to savings. Mortgage application volume rose 2.8 percent last week, all thanks to refinances. The Mortgage Bankers Association’s seasonally adjusted weekly index remains 12 percent […]