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In February, the number of primary mortgages that went into default for the first time rose at the highest rate seen in nearly a year, according to Standard & Poor’s Dow Jones Indices and Experian. The balance-weighted first-mortgage…
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There’s an old adage in the commodities market that says, “the best cure for high prices is, high prices.” No, it’s not a typo. The logic is basically that an elevated price over time will naturally lead to a decrease in demand. And as we…
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Following a brief surge, mortgage volumes decreased last week, as rate volatility drove down refinance activity, according to the Mortgage Bankers Association. The MBA’s Market Composite Index, a measure of loan volume based on a survey of…
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