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Lowest mortgage rates in months create surge in applications

Housing Wire

Mortgage applications increased 20.4% from one week earlier on a seasonally adjusted basis as buyers pounced on lower rates , according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending Feb. ” The refinance share of mortgage activity increased to 43.8%

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Black Friday deals on a new home? Here you go

Housing Wire

The Ohio-based builder is offering discounts of up to $20,000 on select homes in Greater Houston , along with no-cost 2/1 rate buydowns , and slashing prices by as much as $93,850 in other markets like Chicago. In Charlotte , borrowers to lock in a lower rate on select Quick Move-In homes that can close by the end of the year.

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All those 2025 mortgage rates forecasts are now wrong

Housing Wire

Most housing market analysts expect mortgage rates to spend the year with a 6 handle. The most optimistic predictions assume 2025 will see mostly low 6s for the 30-year fixed rate mortgage. The bond market got spooked and mortgage rates jumped back over 7%.

Mortgages 488
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No, homeowner delinquency rates aren’t elevated

Housing Wire

These loans pertain to multifamily mortgages, which are used for commercial properties with five or more units, such as apartment buildings. Notably, the rate of multifamily delinquencies currently stands at under 1%, but it is at levels above the 2008 recession. Its not even a clever lie.

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Mortgage applications up 33.3% from holiday week

Housing Wire

With an adjustment for the New Year’s holiday, mortgage applications increased 33.3% from one week earlier, according to the Mortgage Bankers Association s (MBA) weekly mortgage applications survey, released today. The share of refinance mortgage activity increased to 42.7% Bond yields in the U.S. from 16.2%

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FHFA says it prevented 43K foreclosures in Q3, but new cases rose 27%

Housing Wire

The GSEs serious delinquency rate saw a slight uptick in Q3 to 0.53%, but this rate is still lower than those for loans sponsored by the Federal Housing Administration (3.63%) and Department of Veterans Affairs (2.26%), as well as the industrywide average of 1.55%. Forbearances also increased in Q3 to 39,669 loans as of Sept.

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Struggling homeowners often don’t understand escrow

Housing Wire

Borrowers with lower equity may face high mortgage payments, but those payments won’t change with under utilized escrow accounts. The survey also found that 45% or respondents mistakenly believe their payments cannot change with a fixed-rate mortgages, up from 36% in 2024.

FHA loan 397