Mortgage Report: Refinance Apps Down, Purchase Applications Up

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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:

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Bethany Erickson

Bethany Erickson lives in a 1961 Fox and Jacobs home with her husband, a second-grader, and Conrad Bain the dog. If she won the lottery, she'd by an E. Faye Jones home. She's taken home a few awards for her writing, including a Gold award for Best Series at the 2018 National Association of Real Estate Editors journalism awards, a 2018 Hugh Aynesworth Award for Editorial Opinion from the Dallas Press Club, and a 2019 award from NAREE for a piece linking Medicaid expansion with housing insecurity. She is a member of the Online News Association, the Education Writers Association, the International Academy of Digital Arts and Sciences, and the Society of Professional Journalists. She doesn't like lima beans or the word moist.

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