Study: Older Mortgage Applicants More Likely To Be Rejected
Researchers say the study does ‘not necessarily’ indicate fair lending violations.
Researchers say the study does ‘not necessarily’ indicate fair lending violations.
Purchase and refinance loans both fell as mortgage rates increased across the board.
MBA survey finds overall volume increased 7.4% from a week earlier.
After rising for 3 weeks in a row, the MBA's Market Composite Index fell 9% on a seasonally adjusted basis.
The median payment fell to $1,920 in December from $1,977 in November.
Says offering allows customers to go from application to commitment letter within 24 hours .
MBA economist says homebuying activity remains 'tepid.'
Both purchase and refi applications spike as mortgage rates fell in second week of 2023.