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

Average mortgage rates hold steady amid global trade disputes TOKYO, March 23 (Reuters) – The dollar steadied against the euro and yen on Friday, retaining gains made the previous session on views that the Federal Reserve may keep interest rates on hold for some.

New initiatives aimed at increasing access to credit and making it more affordable began to pay off in January according to Mike Fratantoni, the Mortgage Bankers Association’s (MBA’s) Chief Economist..

According to the firm, this means there is a “large portion of loans with an economic incentive to refinance.” While some may point to recent drops in the Mortgage Bankers Association’s (MBA) Refinance Index as proof that the refinance boom is already coming to a close, FBR says otherwise.

Mortgage refinance booms are a thing of the past: mba chief economist. past decade, said Mortgage Bankers Association Chief Economist.

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 · NAR also predicts the rate on a 30-year fixed mortgage will rise to 4.6 percent by the end of 2017. Zillow says the homeownership rate will bounce back even as renting becomes more affordable.

Eric Weisbrot

 · Mortgage applications drop 1.2% on highest rates since June.. the MBA’s chief economist. "Additionally, new data show continued positive signals regarding the job.

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 · - Mortgage interest rates should edge up slightly in the next few months, according to the chief economist of the Mortgage Bankers Association of America (MBA), who said late this past week that.

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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.

"The refinancing activity will start to trail off but it will carry into the first half of next year," said Doug Duncan, another MBA economist. ways that’s a good thing. The record low mortgage.

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. The unexpected drop in mortgage rates since last November was "incredibly positive" for the home purchase business following the rapid [.]

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. chief economist, said.