Housing Wire

JANUARY 22, 2025

Mortgage escrow accounts are an important, yet widely misunderstood asset in the housing market. Although 80% of mortgage holders have escrow accounts, only 60% fully understand them, up from 52% in early 2024. Almost half (44%) of respondents also said they would experience hardship if their mortgage payments increased.

FHA loan 397

FHA loan Fixed-rate mortgage Equity Mortgages 397

Housing Wire

MARCH 3, 2021

Mortgage applications recovered slightly from last week , increasing 0.5% 26, 2021 according to the latest report from the Mortgage Bankers Association. That is despite the fact that the 30-year fixed rate experienced its largest single-week increase in almost a year, reaching 3.23%. for the week ending Feb. from 11.2%

Fixed-rate mortgage 546

Fixed-rate mortgage Mortgages Loans Industrial 546

Housing Wire

JUNE 2, 2021

Mortgage applications dropped for the second straight week , this time down 4% for the week ending May 28, 2021, according the Mortgage Bankers Association ‘s weekly mortgage applications survey. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020. the previous week.

Fixed-rate mortgage 543

Fixed-rate mortgage Mortgages New Construction Loans 543

Housing Wire

MAY 26, 2021

After two straight weeks of increases , mortgage applications dropped 4.2% for the week ending May 21, 2021, according to the Mortgage Bankers Association ‘s weekly mortgage applications survey. Rates climbed north of 3% over the first few months of 2021, but crested at 3.2% in March before descending again.

Fixed-rate mortgage 516

Fixed-rate mortgage Mortgages Loans Industrial 516

Housing Wire

JULY 14, 2021

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The refinance share of activity of total mortgage applications increased to 64.1% The FHA share of total mortgage applications decreased to 9.5%

Fixed-rate mortgage 521

Fixed-rate mortgage Mortgages Loans Investor 521

Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%.

Fixed-rate mortgage 529

Fixed-rate mortgage Mortgages Lending Renovation 529

Housing Wire

JUNE 16, 2021

After three straight weeks of declines , mortgage applications increased 4.2% for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association. ” Purchase applications were also down 17% from a year ago, the start of the mortgage boom, Kan said. “ U.S. . “ U.S.

Fixed-rate mortgage 521

Fixed-rate mortgage Mortgages Loans Industrial 521

Housing Wire

JANUARY 6, 2022

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. Rising mortgage rates have already begun to sap demand.

Fixed-rate mortgage 511

Fixed-rate mortgage Mortgages Lending Loans 511

Housing Wire

JULY 15, 2021

The average 30-year fixed-rate mortgage fell two basis points from the week prior to 2.88%, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week,” Khater said.

Fixed-rate mortgage 511

Fixed-rate mortgage Mortgages Banks Investor 511

Housing Wire

OCTOBER 19, 2023

Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. By contrast, the 30-year, fixed-rate mortgage was at 6.94% a year ago at this time.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Construction Loans 493

Housing Wire

AUGUST 19, 2021

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines.

Fixed-rate mortgage 516

Fixed-rate mortgage Mortgages Banks Finance 516

Housing Wire

NOVEMBER 2, 2023

Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high. The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, according to Freddie Mac ‘s Primary Mortgage Market Survey.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages MLS Investor 493

Housing Wire

JANUARY 20, 2022

The average 30-year-fixed rate mortgage climbed to 3.56% during the week ending Jan. 20, rising from 3.45% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%. Mortgage rates moved up again as the 10-year U.S.

Fixed-rate mortgage 482

Fixed-rate mortgage Mortgages Lending Loans 482

Housing Wire

DECEMBER 23, 2021

The average 30-year-fixed rate mortgage dropped to 3.05% during the week ending Dec. 23, after achieving 3.12% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.66%. Rising mortgage rates have already begun to sap demand.

Fixed-rate mortgage 482

Fixed-rate mortgage Mortgages Technology Closing 482

Housing Wire

NOVEMBER 23, 2022

With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, rose 2.2% retail residential mortgage applications.

As-is 418

As-is Mortgages Fixed-rate mortgage Loans 418

Housing Wire

SEPTEMBER 16, 2021

The average 30-year-fixed mortgage continued to hover around the 2.86% mark for the week ending Sept. Mortgage rates have been around that mark for roughly two months, leading economists at Freddie Mac to liken it to “Groundhog Day.” A year ago, the average 15-year-fixed-rate mortgage was 2.35%.

Fixed-rate mortgage 497

Fixed-rate mortgage Mortgages Lending Loans 497

Housing Wire

NOVEMBER 18, 2021

Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%.

Fixed-rate mortgage 514

Fixed-rate mortgage Mortgages Loans Industrial 514

Housing Wire

JANUARY 12, 2022

Mortgage applications climbed 1.4% 7, 2022, according to a survey published by the Mortgage Bankers Association this week. Joel Kan, associate vice president of economic and industry forecasting at the MBA, said in a statement that the increase in mortgage rates is curtailing refinance activity. for the week ending Jan.

Loans 468

Loans Fixed-rate mortgage Mortgages VA loan 468

Housing Wire

OCTOBER 7, 2021

The average 30-year-fixed mortgage rate slipped back down to 2.99% for the week ending Oct. The week before , rates had made it above the 3% mark for the first time since June. Mortgage rates typically move in tandem with the ten-year U.S. Treasury bonds and mortgage-backed securities.

Mortgages 501

Mortgages Fixed-rate mortgage Banks Development 501

Housing Wire

AUGUST 12, 2021

The average 30-year fixed-rate mortgage rose to 2.87% for the week ending in August 12, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The increase follows six consecutive weeks of mortgage rate declines. Still, there has been some progress in the labor market.

Fixed-rate mortgage 501

Fixed-rate mortgage Mortgages Banks Finance 501

Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.91%.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Loans Construction 493

Housing Wire

OCTOBER 5, 2023

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages MLS Loans 476

Housing Wire

JANUARY 4, 2024

In the first week of 2024, mortgage rates continued to stick around the mid 6% mark. The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4, a slight increase from the 6.61% rate recorded on Dec. 28 , according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage 468

Fixed-rate mortgage Mortgages MLS Loans 468

Housing Wire

AUGUST 1, 2024

The average 30-year fixed-rate mortgage dropped to 6.62% on Thursday, a new low for 2024 that appears to be tied to the expectation that the Federal Reserve could move to cut interest rates at its next meeting in September. This is according to data reported by Mortgage News Daily.

Mortgages 518

Mortgages Fixed-rate mortgage Banks As-is 518

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 30-year fixed-rate mortgage averaged 6.6%

Fixed-rate mortgage 532

Fixed-rate mortgage Mortgages New Construction Construction 532

Housing Wire

JANUARY 18, 2021

As the calendar flipped to 2021, it didn’t take long for the rise in mortgage rates. Just two weeks into the new year, Freddie Mac reported that mortgage rates climbed 14 basis points to 2.79% , a dramatic contrast to 2020, a year in which mortgage rates set record lows 16 times. in 2021 and 3.2%

Mortgages 545

Mortgages Fixed-rate mortgage Banks Industrial 545

Housing Wire

JANUARY 27, 2022

The average 30-year-fixed rate mortgage declined one basis point from the week prior to 3.55% during the week ending Jan. 27, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%. A year ago at this time, it averaged 2.20%.

Fixed-rate mortgage 482

Fixed-rate mortgage Mortgages Banks Loans 482

Housing Wire

SEPTEMBER 27, 2023

In the week following the Federal Open Market Committee ‘s meeting, mortgage applications sunk. 22, mortgage applications fell 1.3% from the prior week , according to data from the Mortgage Bankers Association. Mortgage rates moved to their highest levels in over 20 years as Treasury yields increased late last week.

Mortgages 468

Mortgages Fixed-rate mortgage Loans Marketing 468

Housing Wire

DECEMBER 7, 2023

Mortgage rates continued their downward trajectory this week as the 10-year Treasury yield dropped below 4.2% The 30-year, fixed mortgage rate averaged 7.03% for the week ending Dec. 7, according to Freddie Mac ‘s Primary Mortgage Market Survey. by the end of 2024.

Mortgages 529

Mortgages Fixed-rate mortgage Investor Loans 529

Housing Wire

JANUARY 21, 2021

The average mortgage rate for a 30-year fixed loan fell two basis points last week to 2.77%, according to Freddie Mac ’s Primary Mortgage Market Survey. 7 , rates more closely resemble those seen over two months ago. The 15-year fixed mortgage rate also shifted downward to 2.21 the week prior.

Mortgages 538

Mortgages Fixed-rate mortgage Loans Closing 538

Housing Wire

SEPTEMBER 20, 2023

In the week leading up to the Federal Open Market Committee meeting, mortgage applications finally ticked up. 15, mortgage applications rose 5.4% from the prior week , according to data from the Mortgage Bankers Association. The refinance share of mortgage activity increased to 31.6% For the week that ended Sept.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages FHA loan Loans 476

Housing Wire

JANUARY 24, 2024

Mortgage demand continued to increase last week, as seen in an uptick in purchase activity. Mortgage applications rose by 3.7% 19 compared to one week earlier on a seasonally adjusted basis, per the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. retail residential mortgage applications.

Mortgages 497

Mortgages Fixed-rate mortgage Loans Residential 497

Housing Wire

JUNE 5, 2024

Mortgage demand keeps on falling. Mortgage applications dropped 5.2% for the week ending May 31 compared to the prior week, according to the Mortgage Bankers Association (MBA), results that include an adjustment for the Memorial Day holiday. The refinance share of mortgage activity decreased to 31.1% the previous week.

VA loan 480

VA loan Mortgages Fixed-rate mortgage Loans 480

Housing Wire

APRIL 10, 2025

Millions of homeowners are locked into 23% mortgage rates and simply wont sell, creating a chain reaction thats grinding the entire system to a halt. But this isnt just a temporary side effect of high interest rates. homeowners hold mortgages below 4%, according to the Federal Housing Finance Agency. And while U.S.

Design 255

Design Marketing Fixed-rate mortgage Finance 255

Housing Wire

MAY 13, 2021

The average 30-year fixed rate mortgage managed another dip last week, falling two basis points to 2.94%, according to Freddie Mac ‘s PMMS. Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under 3% for the past month. after weeks of declines.

Mortgages 525

Mortgages Fixed-rate mortgage As-is Marketing 525

Housing Wire

MARCH 17, 2022

As the Federal Reserve raised short-term rates for the first time in years, mortgage rates climbed 31 basis points to 4.16%, according to data from Freddie Mac ‘s PMMS survey. The 30-year fixed-rate mortgage exceeded four percent for the first time since May of 2019,” said Sam Khater, Freddie Mac’s chief economist.

Fixed-rate mortgage 459

Fixed-rate mortgage Mortgages Technology Banks 459

Housing Wire

JANUARY 21, 2022

However, Khater did note that as rates rise, there will be some moderation in housing demand, causing home price growth to temper. Freddie anticipates that home purchase mortgage originations will increase in the next two years, spurred by demand coupled with house appreciation. in 2021 to 6.2% in 2022 and to cool further to just 2.5%

Fixed-rate mortgage 482

Fixed-rate mortgage Mortgages Lending Sales 482