Loans
Texas freeze, rate jump drive a week of stalled mortgage app activity
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Severe winter weather and another hike in mortgage rates stifled loan volume for the week, according to the Mortgage Bankers Association.
Mortgage Application Volume Continues Decline
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Posted To: MND NewsWire

The volume of mortgage applications for both home purchase and refinancing fell for the third straight time during the week ended February 19. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of that volume, dropped 11.4 percent on a seasonally adjusted basis. It was the largest single week decline since the week ended April 3, 2020. On an unadjusted basis the index was down 10.0 percent. The Refinancing Index decreased 11 percent from the previous week but was still 50 percent higher than the same week one year ago. The refinance share of mortgage activity decreased to 68.5 percent of total applications from 69.3 percent the previous week. The seasonally adjusted Purchase Index dropped 12 percent and was 8 percent lower before adjustment. Activity was 7 percent...(read more)

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5 Tips to Hedge Against Inflation
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financial chart shapes

To achieve financial freedom and grow wealth over long periods of time, it’s vital to understand the concept of inflation. Inflation refers to the ever-increasing price of goods and services as measured against a particular currency. The purchasing power of a currency depreciates as a result of rising prices. Put differently, a rising rate of […]

The post 5 Tips to Hedge Against Inflation appeared first on SoFi.

Best Tax Software of 2021: TurboTax vs. HR Block vs. TaxAct
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Looking for the best tax software? Our review will help you determine which one is the right one for you.

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8 Issues Making It Harder for Americans to Retire
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Finding a way to retire is tough in the best of times. These obstacles make it tougher.
8 Issues Making It Harder for Americans to Retire
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Finding a way to retire is tough in the best of times. These obstacles make it tougher.
CFPB will delay QM rule’s compliance date
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Acting Director Dave Uejio said Tuesday that the Consumer Financial Protection Bureau will push back implementation of the qualified mortgage rule and may amend or revoke other Trump-era rules that have yet to take effect.
Freddie Mac’s single-family CRT soared to record-high despite pandemic
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The $16.9 billion in issuance marked the biggest annual number seen since the government-sponsored enterprise reconstituted its risk sharing program in 2013.
Sprout Mortgage names new CEO
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Sprout Mortgage has made two major appointments as it looks
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