U.S. Mortgage Applications Index Decreases 4.4% After Refinancing Cools
An index of mortgage applications in the U.S. decreased last week as refinancing cooled after borrowing costs jumped from a record low.
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MBA: Mortgage Purchase Applications increase slightly last week
The Refinance Index decreased 5.9 percent from the previous week. The seasonally adjusted Purchase Index increased 2.0 percent from one week earlier and is the highest Purchase Index observed in the survey since the end of June.
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Hedge Fund Sees Risk in Mortgage Bonds After 28% Gain
Metacapital Management LP, the hedge-fund firm run by former Lehman Brothers Holdings Inc. mortgage-bond trader Deepak Narula, returned 28 percent in the first half of this year, boosted by government-backed debt that benefits from limited homeowner refinancing.
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Narula's Hedge Fund Sees Risk in Mortgage Bonds After Recording 28% Gain
Now the New York-based firm is seeking to protect against one of the biggest risks in the $5.2 trillion market for agency mortgage bonds, Narula wrote in a July 22 letter to investors.
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MBA: Overall Mortgage Demand Slows As Rates Rise
(RTTNews) - US mortgage activity slowed last week as rising interest rates made refinancing slightly less attractive, the Mortgage Bankers Association said on Wednesday.
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