Tag Archive for ‘home mortgage’

Mortgage Activity Posts Solid Year-over-Year Gains

The Mortgage Bankers’ Association’s latest Weekly Application Survey, for the week ending September 27, 2019, showed sharp increases in the year-over-year gains in purchasing and refinancing activity of all mortgages, of 9.6% and 132.9%, respectively (seasonally adjusted). Throughout most of the current year since mid-March, refinancing activity on a year-over-year basis has been particularly strong this year, holding steady from… Read More ›

Mortgage Refinancing Activity Dips But Still Strong

In the most recent wave of mortgage activity for the week ending September 6, 2019, the Mortgage Bankers Association’s latest Weekly Application Survey showed a continuing decline in interest rates, notably, the 30-year fixed rate mortgage to 3.49% on a non-seasonally adjusted basis. The Market Composite Index, which measures mortgage loan application volume, increased 2% on a seasonally adjusted basis… Read More ›

Senior Loan Officer Opinion Survey Asks Banks About Standards Since 2005

The Federal Reserve’s latest Senior Loan Officer Opinion Survey shows an array of responses on the lending practices of various banks as of the second quarter of 2019 among various loan classes. The three main categories of these loans are residential real estate loans, commercial & industrial (C&I) loans, and commercial real estate (CRE) loans. In this quarter, the survey… Read More ›

Consumer Credit Report Shows Acceleration of Revolving Debt

The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through May 2019. As of May 31, 2019, consumer credit totaled $4.1 trillion on a seasonally adjusted basis, with $1.1 trillion in revolving debt1 and $3.0 trillion in nonrevolving debt2. This is an increase of $17 billion from the previous… Read More ›