For the 73rd episode of the Mortgage Report, Bob Johnson (AKABobMortgage) reveals that the Mortgage Bankers Association announced that refinance applications are down, but home purchase applications are up. What does it mean? Bob explains that and more.
And pro-tip: If you follow BobMortgage on Instagram, you can get daily updates on Bob’s lock or float positions, and more market news.
Today, our most-trusted mortgage expert and senior mortgage adviser at the nation’s oldest private lender — Wallick & Volk — discusses how the bond market and stock market impact home loan prices. Learn more about the market to better serve your clients in this week’s report: