Housing Wire

SEPTEMBER 30, 2021

The average 30-year-fixed mortgage rate rose 13 basis points to 3.01% for the week ending Sept. Mortgage rates had been roughly flat for seven weeks, and this is the first time it rose above 3% since June. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

Fixed-rate mortgage 505

Fixed-rate mortgage Mortgages Banks Loans 505

Housing Wire

MARCH 24, 2022

Mortgage rates are approaching 4.5%, a level economists forecasted would not be reached until the tail end of 2022. And there’s good reason to believe mortgage rates will be in the 5% range before too long. That would push mortgage rates even higher, potentially into the 5% range. from the prior week.

Fixed-rate mortgage 488

Fixed-rate mortgage Mortgages Banks Loans 488

Housing Wire

OCTOBER 21, 2021

The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. yesterday, its highest rate since May.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages Banks Development 476

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Still, homebuyers took advantage of declining rates provoked by the turbulence and applied for home loans. retail residential mortgage applications.

Banks 370

Banks Mortgages Fixed-rate mortgage Loans 370

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

MARCH 20, 2023

It is often said that the Fed raises interest rates until something breaks. Many have already pointed to the failures of Silicon Valley Bank , Silvergate Bank , and Signature Bank as evidence that the Fed “finally broke something.” In 2021, mortgage originations hit a record high of $4.4 trillion in 2023.

Banks 418

Banks Mortgages Fixed-rate mortgage Loans 418

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

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

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

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

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

OCTOBER 12, 2023

A coalition of trade associations — including the Community Home Lenders of America (CHLA), National Association of Realtors (NAR), and Independent Community Bankers of America (ICBA) — on Thursday called on the Biden administration to reduce the historically large spread between the 30-year mortgage rates and 10-year Treasuries.

Fixed-rate mortgage 542

Fixed-rate mortgage Mortgages Industrial Lending 542

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

NOVEMBER 16, 2022

Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of mortgage loan application volume, increased 2.7%

Mortgages 545

Mortgages Fixed-rate mortgage Loans Residential 545

Housing Wire

MARCH 31, 2022

Mortgage rates keep climbing amid rising inflation , war in Ukraine, and disruptions to the supply chain, and there’s no sign that they’ll fall anytime soon. The GSE’s index accounts for just purchase mortgages reported by lenders over the past three days. mortgage points.) But this is no normal market.

Mortgages 518

Mortgages Fixed-rate mortgage Loan Officer Banks 518

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

MARCH 27, 2023

Fannie Mae has projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession — primarily due to the combination of tighter lending standards by small- and mid-sized regional banks. Jumbo loans account for approximately 12% of all loans originated as of February 2022.

Banks 397

Banks Lending Fixed-rate mortgage Construction 397

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. Mortgage rates have been roughly flat for months now. Treasuries, causing mortgage rates to remain in place, despite the increasing dispersion of inflation across different consumer goods and services.”.

Mortgages 476

Mortgages Fixed-rate mortgage Construction Banks 476

Housing Wire

FEBRUARY 10, 2022

The average 30-year-fixed rate mortgage climbed to 3.69% for the week ending Feb. It’s the highest level since the start of the pandemic, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.73%. Mortgage applications decreased 8.1%

Fixed-rate mortgage 435

Fixed-rate mortgage Mortgages Loans Banks 435

Housing Wire

OCTOBER 28, 2021

The average 30-year-fixed mortgage rate continues to trend upwards, rising by five basis points to 3.14% for the week ending Oct. Rates have risen roughly 20 basis points over the past month, and market observers believe that rise will continue. Treasury bonds and mortgage-backed securities. Presented by: Deluxe.

Mortgages 497

Mortgages Fixed-rate mortgage Banks Development 497

Housing Wire

SEPTEMBER 25, 2024

Mortgage applications are now at their highest level in more than two years after an 11% jump during the week ending Sept. 20, according to the newest weekly applications survey from the Mortgage Bankers Association (MBA). Adjustable-rate mortgages (ARMs) accounted for 5.9% on mortgages with 80% loan-to-value ratios.

FHA loan 448

FHA loan Mortgages VA loan Fixed-rate mortgage 448

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. The pessimism is visible in mortgage rates. Freddie Mac ‘s weekly Primary Mortgage Market Survey is climbing back towards 7%.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

Housing Wire

FEBRUARY 3, 2022

The average 30-year-fixed rate mortgage remained flat for the third consecutive week at 3.55% for the week ending Feb. 3, reflecting the impacts of the Omicron variant in the economy, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.73%.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages Residential Banks 418

Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.86%.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Equity Lending 493

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 488

Mortgages Fixed-rate mortgage MLS Staging 488

Housing Wire

APRIL 14, 2022

economy, it doesn’t appear that mortgage rates will be dropping below that mark anytime soon. Purchase mortgages this week averaged 5%, up 28 basis points from 4.72% a week ago , according to the latest Freddie Mac PMMS. A year ago at this time, rates were at 3.13%. Jumbos on Wednesday were locked at 4.69%.

Mortgages 448

Mortgages Fixed-rate mortgage Banks Renovation 448

Housing Wire

AUGUST 29, 2024

million residential mortgage originations in the second quarter of 2024, an increase of 23.2% The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases, according to Attom ’s Q2 residential property mortgage origination report.

Mortgages 433

Mortgages Fixed-rate mortgage Lending Residential 433

Housing Wire

OCTOBER 19, 2022

Mortgage demand continued its downward trend last week, reaching the lowest level in 25 years, according to the latest survey from the Mortgage Bankers Association (MBA). The MBA survey shows that the mortgage composite index for the week ending Oct. retail residential mortgage applications. from 13.5% the week prior.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages Banks Loans 418

Housing Wire

SEPTEMBER 27, 2023

Homebuyers faced surging mortgage costs, fees and monthly payments in 2022 amid a tightening monetary policy designed to combat persistent inflation. “These trends are likely to continue given further increases in interest rates in 2023.” At Mortgage News Daily , it was at 7.50%. million in 2022. million in 2021.

Debt-to-income ratio 459

Debt-to-income ratio Mortgages Fixed-rate mortgage Equity 459

Housing Wire

OCTOBER 15, 2021

Economists at Fannie Mae expect an increase mortgage rates and home prices in 2022 due to higher inflation , a tightening of monetary policy, and low home inventory. Fannie Mae in its October economic forecast said it expects the 30-year fixed rate mortgage to average 3.3% in 2022, up from 3.1%

Mortgages 508

Mortgages Fixed-rate mortgage Construction Banks 508

Housing Wire

OCTOBER 14, 2021

The average 30-year-fixed mortgage rose seven basis points to 3.05% for the week ending Oct. 14, to its highest level since April, according to Freddie Mac’s latest PMMS survey of mortgage rates. Two weeks ago, rates rose 13 basis points to 3.01%, eclipsing the 3% mark for the first time since June.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages Lending Banks 418

Housing Wire

JANUARY 21, 2022

Freddie anticipates that home purchase mortgage originations will increase in the next two years, spurred by demand coupled with house appreciation. The expectation is that home purchase mortgage originations will grow from $1.9 How lenders can turbocharge mortgage operations for today’s home buyers. trillion in 2021 to $2.1

Fixed-rate mortgage 482

Fixed-rate mortgage Mortgages Lending Sales 482

Housing Wire

MAY 3, 2023

30-year fixed mortgage rates declined slightly last week, the first rate drop in three weeks, but it wasn’t enough to boost mortgage demand. Mortgage applications fell last week by 1.2% The 30-year fixed rate decreased five basis points to 6.5% the previous week.

Mortgages 418

Mortgages Fixed-rate mortgage Banks Lending 418

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans 459

Loans Mortgages Banks Fixed-rate mortgage 459

Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. It was the expectation that the U.S.

Mortgages 488

Mortgages Fixed-rate mortgage Investor Loans 488

Housing Wire

APRIL 12, 2024

Wells Fargo and JPMorgan Chase usually open the quarterly earnings seasons in the mortgage space, giving analysts something to chew on before nonbanks release their financial reports. In the first quarter of 2024, the big banks showed a challenging reality for originations. Wells Fargo’s volume declined to $3.5

Mortgages 468

Mortgages Banks Fixed-rate mortgage Lending 468

Housing Wire

MAY 26, 2022

Purchase mortgage rates this week averaged 5.10% continuing a decline from last week amid a housing market slowdown, according to the latest Freddie Mac PMMS. A year ago at this time, 30-year fixed rate purchase rates were at 2.95%. This week, mortgage application volume dropped 1.2% of total applications.

Mortgages 468

Mortgages Fixed-rate mortgage Banks Loans 468