Mortgage Tag

US Mortgage Apps Remain Near 13-Year Lows

12 Feb, by Knowledge Leaders Team in Uncategorized

While 30-year fixed mortgage rates have dropped by about 30 bps to 4.55% after peaking at 4.86% in September of last year, it is somewhat troubling to see that mortgage applications are practically unchanged during this period. Meanwhile the number of real estate credit employes...

The FRB is the Mortgage Market

14 Oct, by Knowledge Leaders Team in Uncategorized

Over the last year, between the FRB and commercial banks, around $500 billion in net new real estate credit has been extended.  That is the good news.  The concerning part is that the FRB has accounted for over 100% of all real estate credit created....