Some industry participants are questioning the accuracy of the MBA’s refinance application index, suggesting that Google search trends are a better gauge.
Interest rates are falling, refis are increasing and optimism abounds among many mortgage professionals. However, hiring has not been robust this spring but all that may soon change.
Homeownership rate looks likely to increase in the next 10 years though determining how many new households will need a mortgage is difficult, according to a survey conducted by the Federal Reserve Bank of New York.