Mortgage Partners of Texas

06/20/2022

The Bank of England plans to scrap rules introduced in the aftermath of the financial crisis designed to test whether borrowers could afford their mortgages in the event of significant interest rate rises.

06/13/2022

Mortgage demand is at its lowest level in decades. Demand is about half of what it was a year ago.

06/09/2022

It's a fairly sobering headline any way you word it: mortgage applications hit the lowest levels in 22 years last week according the the Mortgage Bankers Association (MBA).  Loan originators who focus on the refinance market probably aren't too surprised.  Refi apps entered...

06/08/2022

Mortgage demand continues to fall as interest rates rise further and affordability in the housing market weakens.

05/12/2022

Mortgage rates moved higher this week, continuing an upward trend that has kept rates above 5% since mid-April.

04/26/2022

The typical US household is spending 31% of their income on mortgage payments, according to Black Knight. That's up from 24% at the end of 2021.

04/25/2022

Global equities indices fell sharply at various opening bells (and the closing bell too, as far as Asia was concerned).  This was less of a concern for the likes of the Nikkei, but a defining theme for Chinese equities markets as covid/lockdown/slowdown issues persist.   O...

04/24/2022

Sales of existing homes fell 2.7 percent in March, but rising mortgage rates and tight inventory helped push the median home price to a record $375,300.

04/21/2022

Economists have largely slashed mortgage forecasts for 2022, but only the government-sponsored enterprise expects lower purchase volume for 2023, citing the likelihood of a downturn.

04/20/2022

March sales were 4.5% lower than the same period in 2021.

04/17/2022

04/15/2022

Mike Santomassimo, Wells Fargo CFO, joins 'Closing Bell' to discuss Wells Fargo's earnings. He says the company continues to innovate and see growth in mortgages.