Purchase Money Mortgages

Purchase Money Mortgages Are Flying High As Refis Dry Up

Purchase Money Mortgages Benefit From Higher Interest Rates As Origination Of Mortgage Refinance Dry Up The half-point increase in mortgage interest rates since January has all but killed mortgage refinance. Purchase Money Mortgages now outnumber mortgage refinance loans by a 3:1 margin. It also appears mortgage refinance sector will be dead for a while.   Ellie […]

Mortgage Applications

Mortgage Applications Plummet Causing Interest Rates To Drop

Mortgage Applications Plummet Causing Banks To Scramble To Lower Interest Rates Mortgage applications continue to decline according to the Mortgage Bankers Association. Is this a sign Americans are losing faith in the lending industry? The MBA stated that mortgage applications fell another 2.9% for the week ending May 18, 2018. This is the lowest it […]

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