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Tag Archives: refinancing

Total Refinance Volume Fell According to Recent Report

The Federal Housing and Finance Agency released their April 2017 Refinance Report Thursday showing falling total refinance volume as mortgage rates in March remained higher than the lows observed in 2016. Overall, mortgage rates decreased in April with the average 30-year fixed being 4.05 percent, down from 4.20 percent in March. Ten states in the U.S. accounted for over 60 percent of the Nation’s HARP eligible loans with a refinance incentive.

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Study: Road to Housing Recovery will be ‘Longer and Bumpier’

The Wells Fargo Economics Group released its Housing Chartbook for May 2014. The group found that most markets are finding themselves "wildly out of balance" from inflated home prices driven by investor purchases, as well as exceptionally tight inventories that are well ahead of any improvement in demand.

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Wells Fargo Cuts 700 Mortgage Jobs

According to a report from The Charlotte Observer, Wells Fargo is laying off another 700 mortgage workers across the country. The bank announced Thursday the layoffs would affect mortgage processors and underwriters the hardest. What is causing the lending giant to cut jobs nationwide?

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What’s Keeping Borrowers from Refinancing?

A new commentary from Fannie Mae attempts to address a perplexing question: With mortgage rates down steadily in the last several years and greater opportunity for significant savings, why have so many borrowers elected not to refinance?

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