Mortgage
Mortgage demand rises for the first time in six weeks, despite sharply higher interest rates
Mortgage demand volume increased last week for the first time in six weeks, according to the Mortgage Bankers Association, despite a rise in interest rates. Abrupt swings in rates and uncertainty on the overall direction of the housing market are likely at play. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan…
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Mortgage Fraud Risk in U.S. Drops by 7.5 Percent Annually in Q2
According to CoreLogic’s latest Mortgage Fraud Report, there was a 7.5% year-over-year decrease in fraud risk at the end of the second quarter of 2022, as measured by the CoreLogic Mortgage Application Fraud Risk Index. The decline in mid-2022 follows a large increase seen in the same period in 2021 and is partially due to the…
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