by Element Mortgage | Mar 17, 2020 | Live, Washington
Reaching a level not seen for more than a decade, mortgage applications soared 55 percent in the month of March. The Mortgage Bankers Association said that this activity includes a larger demand for mortgage refinances, as well. The sudden burst in mortgage... 
by Element Mortgage | Mar 11, 2020 | Live, Washington
The economy is responding to the current uncertainty with some good news for borrowers: interest rates continue to fall. Applications for loan refinances surged during this time. The refinance index increased by 26 percent to close out the month of February, according... 
by Element Mortgage | Mar 3, 2020 | Live, Washington
The sales of new homes ended on a high note to close out 2019. New home sales in December of last year were at an annual rate of more than 700,000, according to the Department of Housing and Urban Development and U.S. Census Bureau. That performance is 23 percent... 
by Element Mortgage | Feb 26, 2020 | Live, Washington
The closing rate for home purchases jumped to open the year, boosted by the continuation of falling mortgage loan rates, according to Ellie Mae’s Origination Insight Report. The decrease in mortgage rates also led to a 46 percent refinancing share of closed loans in... 
by Element Mortgage | Feb 19, 2020 | Live, Washington
An astonishing number of homeowners across the United States are poised to reap the benefits of equity-rich properties. Nearly 15 million homeowners currently are in a position where they owe less than 50 percent of the estimated market value on their home, according...