Joel Kan

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Last quote by Joel Kan

Rates held steady at seven-month lows last week, providing continued support for a small resurgence in refinance activity and a continued year-over-year growth in purchase applications. The refinance index increased 13 percent over the last two weeks and the average loan size increased to almost $275,000, the largest since September 2016. Purchase applications decreased over the week, but were up almost 8 percent compared to the same week one year ago.feedback
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Jun 15 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Joel Kan is associated, including Mario Draghi, Central Bank, and purchase. Most recently, Joel Kan has been quoted saying: “From a borrower perspective, rates held steady at seven-month lows last week providing some borrowers an opportunity to refinance. Over the last two weeks refinance applications have increased 13 percent and the average loan size increased to its largest since September 2016, reflecting the tendency for jumbo borrowers to be more sensitive to rates than those with smaller loan balances.” in the article Weekly mortgage applications to purchase a home drop 3%, even as falling rates spark a rush to refinance.
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Joel Kan quotes

Nov 09 2016

Economic news in recent weeks has been mostly positive, especially in terms of GDP growth and increasing wages. This raises the likelihood of the Fed raising rates at its December meeting, but also indicates stronger domestic economic fundamentals, which pushes rates higher.feedback

Oct 26 2016

Rates edged lower last week following remarks from European Central Bank President Mario Draghi that the ECB would carry on with its asset purchases for at least the next few months.feedback

May 18 2016

Purchase applications jumped up during the first full week of April and had effectively remained at that level, on an unadjusted basis, before falling this week. The seasonally adjusted purchase index decreased to the lowest level since February, led by declines in applications for larger home purchase amounts.feedback

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