Sentences with phrase «mortgage volumes hit»
Mortgage Volumes Hit Five Year Low The volume of home mortgages originated during the fourth quarter fell to its lowest level in five years, according to an analysis published Thursday by Inside Mortgage Finance, an industry newsletter.
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«Mortgage rates on 30 - year loans have increased 50 basis points since the week prior to the election, hitting their highest level since October 2014, and causing refinance application volume to dip 28 percent to a new low for the year,» said Mike Fratantoni, MBA's chief economist.
However, the firm's volume business division — recently rebranded as D3 and including mortgage and conveyancing work — was hit by the economic downturn.
National Mortgage Survey, loans on commercial properties hit record volumes, surprising even industry participants.
Mortgage rates are expected to hit 4.5 % by the end of the year, which is projected to refinance volume down as expected.