Mortgage bankers made an average profit of over $1,088 on each loan they originated in the first quarter of 2009, according to the Mortgage Bankers Association (MBA). This profit marks a marked improvement over the 4th quarter 2008 results in which average profits were $148 per loan, according to the MBA's Quarterly Mortgage Bankers Performance Report. This new report measures the performance of independent mortgage bankers and subsidiaries of banks, thrifts and hedge funds.

One would think that after yesterday's MBA report today's mortgage rates would have fallen further or at least stayed flat. However, that's not the case. The current mortgage rates in Zillow's national average graph show that they inch up.

IAS360 Indicates Some Return To Normalcy In Nation’s Hardest Hit Markets

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 3, 2009. It shows an increase in mortgage applications and mortgage refinance. The four week moving average of the rise in mortgage and refinance applications is already up 13.3 percent.

IAS360 House Price Index shows bright spots at the individual county level with 75 of the 360 counties showing month to month improvement in September

IAS360 House Price Index Reports a National Decline of 0.2% for August