Mortgage Bankers Association

Mortgage Bankers Association | March 09, 2018

The real estate market is heading into its spring selling season with two big negatives that could affect home sales: rising mortgage rates and tariffs on steel and aluminum. With many people starting their house hunting in the spring when the weather warms up and the properties thaw, they will find mortgage rates that have been inching higher all year and tariffs that could affect the cost of a new home. Together, this could mean trouble during one of the busiest times of the year for the real ...

Mortgage Bankers Association | March 16, 2018

With the Consumer Price Index (CPI) logging a mild increase in February, alleviating worries about inflation, mortgage rates on fixed loans were able to post their first decline of the year this week. According to data compiled by Freddie Mac, for the week ending March 15, the average rate for a 30-year fixed-rate loan fell 2 basis points to 4.44%. This marks the first decline of 2018 and the first dip in a year, Freddie Mac said in a release. The government-sponsored enterprise pointed to the C...

Mortgage Bankers Association | March 29, 2018

Despite rising home prices and mortgage interest rates, applications for new mortgages jumped nearly 5% for the week ended March 23, 2018. According to the Mortgage Bankers Association's Weekly Mortgage Applications survey, applications for a new home loan jumped 4.8% on a seasonally adjusted basis from the week earlier. On an unadjusted basis, the index was up 5% compared with the week earlier.At the same time, the Mortgage Bankers Association said the Refinance Index jumped 7% from the pre...

Tesla | January 13, 2020

Tesla stock continued to rally Monday, rising 5% and passing $500 per share for the first time. That puts Tesla at a fresh all-time high as it continues to soar on its entrance into China and optimistic delivery figures. The stock has more than doubled over the past three months, according to FactSet. The recent gains bring Tesla’s market cap to about $90 billion, which is nearly $5 billion more than that of General Motors and Ford combined. The companies’ market caps, which measure ...