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Mortgage refinance booms are a thing of the past: MBA chief economist

Two Rivers Title Company is a multi-state title agency and escrow company based in Little Silver, NJ.. Mortgage refinance booms are a thing of the past. Era of plentiful refinance volume is over according to Mortgage Bankers Association Chief Economist.. Keep Reading. Pipeline: Refi Revival No Sure Thing, Despite the.

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Freddie Mac has officially declared that the refinancing boom is over. The company’s Refinance Report for the second quarter of 2014 said that the longest refinance boom in the 24 years since it.

 · MBA’s forecast for the second quarter issued in May was up sharply from just four months earlier. In January, MBA forecast total first mortgages would be down 1%. In.

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Mortgage refinance booms are a thing of the past: mba chief economist. nationalmortgagenews.com. The era of plentiful refinance volume is over for the foreseeable future, because mortgage rates remained in a very narrow band for the past decade,

While low rates have led some to predict a refinance boom, Mike Fratantoni, chief economist for the Mortgage Bankers Association (MBA), isn’t among the chorus. Fratantoni, speaking at MBA’s National Secondary Market Conference in New York, granted that the rate drop following last year’s mounting hikes was undoubtedly positive for buyers.

MBA chief economist David Lereah says the housing sector "has benefited enormously from a healthy economy and historically low mortgage rates." MBA economist Brian Carey credits the strength in the overall economy and solid housing appreciation over the last five years as the reason for the higher refinancing numbers. The MBA forecasts a small slip in origination volume next year, with total.

Mortgage Refinance Booms are a Thing of the Past: MBA Chief Economist 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.

Volatility defines first-quarter home sales, California takes big hit Volatility defines first-quarter home sales, California takes. – After a strong February, existing home sales took a U-turn in March. While buyer conditions heated up and mortgage rates remained low, consumers took a patient approach – especially in the expensive West Coast markets. March’s existing-home sales fell 5.4% year-over-year and 4.9% month-over-month after February posted the largest monthly jump since 2015, according to [.]

Production costs rise to highest level ever: MBA; Purchase share grows, closing times shrink ahead of spring market; Freddie Mac rolling out servicing transfer technology for cash sales; Among consumers managing debt, buying a home is a low priority; Mortgage refinance booms are a thing of the past: MBA chief economist; Categories. FHA Loan.