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 · Trends that will drive the title business in 2018.. MBA anticipates refinance originations will decrease by 28.3 percent from 2017, to approximately $430 billion.. MBA’s Chief Economist and.

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The current share is close to the pre-housing boom (2001-03) average of 38 percent, NAHB economists pointed out. Q: Are mortgage applications rising. Lawrence Yun, NAR’s chief economist, states:.

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MBANow: Mike Fratantoni on what the mortgage industry can expect for the rest of 2018. Nela Richardson, chief economist at real estate brokerage Redfin, estimates that only homeowners with rates higher than 4.25 percent would see a net benefit from refinancing. Similarly, with many home borrowers already in the range of 3.5 percent to 4 percent on their mortgages, the spike in refinancing may not last very long, said Michael Fratantoni, the MBA’s chief economist.

A key thing to note is that the mortgage applications purchase index has been trending up since early March. Here’s a chart from Jim O’Sullivan, chief economist at High Frequency. following.

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Mortgage refinance booms are a thing of the past: mba chief economist excerpt: The era of plentiful refinance volume is over for the foreseeable future, the result of mortgage rates remaining in a very narrow band for the past decade, said Mortgage Bankers Association Chief Economist Mike Fratantoni.

One thing that David Stevens, president and CEO of the Mortgage Bankers Association (MBA), made perfectly clear during his opening remarks on Monday during the MBA’s National Secondary Market Conference and Expo in New York City was that recapitalizing government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and releasing them back to the private sector [.]

Mortgage-application data through August 2017 from the Mortgage Bankers Association (MBA) suggests that FHA’s share of overall mortgage applications dropped by around 5 percentage points in roughly two and half years. "This share has dropped some, but still remains at around 10 percent of the total," MBA Chief Economist Mike Fratantoni said.

As quickly as refinance activity increased in recent weeks, it backed down again in response to the rise in rates. However, this spring’s lower borrowing costs, coupled with the strong job market, continue to push purchase application volume much higher."–MBA Chief Economist Mike Fratantoni.

 · At the recent mortgage bankers association secondary conference in New York City, MBA Chief Economist Mike Fratantoni said as mortgage refinances fall and purchase originations are unable to make.

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