Tag Archive for ‘home purchases’

Refinance Activity Surges on a Year-over-Year Basis

Data from the latest survey of the Mortgage Bankers Association’s Weekly Application Survey show small year-over-year gains in purchasing activity and larger year-over-year gains in refinancing activity. The Primary Market Mortgage Survey indicated no change in the 30-year fixed rate mortgage (FRM) from the previous week, at a non-seasonally adjusted rate of 3.8%. However, two weeks ago, the FRM decreased… Read More ›

Household Debt Outstanding Rises as Mortgage Debt Expands

Aggregate household debt outstanding totaled $12.116 trillion in the fourth quarter of 2015, 2.4%, $289 billion, greater than its level of one year ago. According to the report released by the Federal Reserve Bank of New York, housing-related debt, mortgages and home equity lines of credit rose by a combined amount of 0.6%, $56 billion. The increase in housing-related debt outstanding reflected… Read More ›