Mortgage

Refinancing a jumbo loan: What to know

Refinancing a jumbo loan could potentially mean big savings. While similar to a typical mortgage refinance, you can expect stricter requirements. Here’s what you need to know.

Mortgage rate decline juices refinances

The Mortgage Bankers Association's refinance index for the week ending June 11 jumped 6% from the previous week, but is still down 22% compared to the same week a year ago. The refinance share of mortgage activity increased to 61.7% of total applications, compared to 60.4% the previous week.

US housing market needs 5.5 million more units: report

Construction of new housing in the past 20 years fell 5.5 million units short of long-term historical levels, according to a new National Association of Realtors report, which is calling for a “once-in-a-generation” policy response.