Housing Wire

JANUARY 13, 2022

The average 30-year fixed rate mortgage increased to 3.45% during the week ending Jan. 13, up from 3.22% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.79%. A year ago at this time, it averaged 2.23%.

Fixed-rate mortgage 505

Fixed-rate mortgage Mortgages Loans Closing 505

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%. A year ago at this time, it averaged 2.16%.

Fixed-rate mortgage 511

Fixed-rate mortgage Mortgages Lending Loans 511

Housing Wire

FEBRUARY 17, 2022

The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. It’s the highest level since May 2019, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.81%. However, rates rose faster than expected.

Fixed-rate mortgage 448

Fixed-rate mortgage Mortgages Loans Industrial 448

Housing Wire

NOVEMBER 10, 2021

Mortgage rates fell below 3% in the week ending November 10, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage declined to 2.98% last week, falling 11 basis points from 3.09% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged 2.84%.

Fixed-rate mortgage 501

Fixed-rate mortgage Mortgages Closing Loans 501

Housing Wire

JANUARY 12, 2022

“Mortgage rates increased significantly across all loan types last week as the Federal Reserve ’s signaling of tighter policy ahead pushed U.S. Rates at these levels are quickly closing the door on refinance opportunities for many borrowers.”. The average contract interest rate for 5/1 ARMs increased to 3.03% from 2.45

Loans 468

Loans Fixed-rate mortgage Mortgages VA loan 468

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

AUGUST 18, 2021

“Despite a second-straight weekly decrease, average loan sizes remain close to record highs,” Kan said. Here is a more detailed breakdown of this week’s mortgage applications data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased to 3.06% from 2.9%.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages Loans Industrial 476

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

JANUARY 11, 2024

Mortgage rates ticked up this week as the 10-year Treasury yield made its way back above 4%. The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, a slight increase from last week’s 6.62%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage 457

Fixed-rate mortgage Mortgages Closing costs MLS 457

Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.99%.

Fixed-rate mortgage 448

Fixed-rate mortgage Mortgages Investor Lending 448

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

Mortgages 538

Mortgages Fixed-rate mortgage Loans Closing 538

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

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. 7, according to Freddie Mac ’s latest PMMS survey.

Mortgages 501

Mortgages Fixed-rate mortgage Banks Development 501

Housing Wire

DECEMBER 22, 2020

Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. There are two types of mortgages: fixed-rate and adjustable-rate. Fixed-rate mortgages have a set interest rate for the entirety of the loan.

Fixed-rate mortgage 448

Fixed-rate mortgage Pre-approval Mortgages Loan Officer 448

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%.

Fixed-rate mortgage 435

Fixed-rate mortgage Mortgages Loans Banks 435

Housing Wire

MAY 25, 2022

from a week earlier, “close to lows last seen in the spring of 2020 when a significant portion of activity was put on hold due to the onset of the pandemic,” said Kan. Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market.”. The seasonally adjusted purchase index rose 0.2% from 10.5%

Fixed-rate mortgage 459

Fixed-rate mortgage Mortgages VA loan Loans 459

Housing Wire

JANUARY 20, 2025

We knew that mortgage rates over 7% were possible for the year, and here we are. I still expect well spend most of the year under 7% for the 30-year fixed rate mortgage , but until that happens, home sales are at a standstill. When will that be? I have no idea. Ill share some of those signals in a minute.

Sales 397

Sales Mortgages Staging Fixed-rate mortgage 397

Housing Wire

JANUARY 18, 2021

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. Freddie Mac’s quarterly forecast estimates that the average 30-year fixed-rate mortgage will be 2.9%

Mortgages 545

Mortgages Fixed-rate mortgage Banks Industrial 545

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

JANUARY 27, 2021

A more secure closing process for everyone involved. The post Rising mortgage rates push applications lower appeared first on HousingWire. .” The seasonally adjusted purchase index decreased 4% from one week earlier, while the unadjusted purchase index increased 3 % compared with the previous week.

Fixed-rate mortgage 344

Fixed-rate mortgage Mortgages Loans Industrial 344

Housing Wire

JUNE 30, 2022

According to those sources, FGMC adopted an aggressive pricing strategy to purchase loans from correspondent partners, often paying 20 basis points higher than other investors on 30-year fixed-rate mortgages. The company said the bankruptcy action has no impact on closed mortgages, which are already serviced by third parties.

Bankruptcy 545

Bankruptcy Fixed-rate mortgage Lending Loans 545

Housing Wire

SEPTEMBER 27, 2023

. “The higher interest rate environment had profound effects on the mortgage market in 2022, with borrowers paying much more in monthly payments,” CFPB Director Rohit Chopra said in a statement. “These trends are likely to continue given further increases in interest rates in 2023.” million in 2022.

Debt-to-income ratio 454

Debt-to-income ratio Mortgages Fixed-rate mortgage Equity 454

Housing Wire

MAY 18, 2022

“Mortgage applications decreased for the first time in three weeks, as mortgage rates — despite declining last week — remained over two percentage points higher than a year ago and close to the highest levels since 2009,” Joel Kan, associate vice president of economic and industry forecasting at MBA, said in a statement.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages Loans Residential 418

Housing Wire

OCTOBER 5, 2022

For a $2,500 mortgage payment and 20% down, a homebuyer in late September could afford a $476,000 home. On Tuesday, mortgage rates had fallen slightly to 6.65% on the average 30-year fixed rate mortgage, according to Mortgage News Daily. In early 2021, that figure was $759,000. the previous week.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages Loans Industrial 418

Housing Wire

SEPTEMBER 16, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose to an average of 6.02% this week ahead of the Federal Reserve ’s much-anticipated interest rate hike next week. Daily mortgage rate calculators are showing 30-year fixed rates at 6.30% and above.

Fixed-rate mortgage 435

Fixed-rate mortgage Mortgages Loans Closing 435

Housing Wire

APRIL 20, 2022

As ARM loans typically have lower rates than fixed rate mortgages, and as this spread has widened, ARM loans have become more attractive to borrowers already facing home purchase loan amounts close to record highs,” Kan added in a statement. The refinance share of mortgage activity decreased to 35.7%

Fixed-rate mortgage 435

Fixed-rate mortgage Mortgages Loans Industrial 435

Housing Wire

JUNE 24, 2021

The average 30-year fixed-rate mortgage rose nine basis points from the week prior to 3.02%, according to data released Thursday by Freddie Mac ‘s PMMS. This is the first time in 10 weeks mortgage rates have risen above 3%. “As The post Mortgage rates jump back up to 3.02% appeared first on HousingWire.

Mortgages 497

Mortgages Fixed-rate mortgage Technology Closing 497

Housing Wire

AUGUST 10, 2021

For the first time since December 2019, purchase mortgages represented a higher percentage of closed mortgages than refinances. Purchase mortgages rose to 51% of closed mortgages in June, up from 47% in May, according to the latest origination report from ICE Mortgage Technology (formerly Ellie Mae).

Mortgages 418

Mortgages Marketing Fixed-rate mortgage Lending 418

Housing Wire

FEBRUARY 2, 2023

When the closing bell rang on Wednesday, the S&P 500 was up 1.05% and the tech-heavy Nasdaq rose 2% compared to the previous close. In turn, mortgage rates started a free fall. The yield curve also dropped, with the 10-year Treasury note down 13 basis points to 3.39%.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages Marketing Loans 418

Housing Wire

DECEMBER 10, 2020

Despite slightly higher Treasury yields, mortgage rates held steady at record lows this week, according to a survey by Freddie Mac. Rates remained at last week’s level of 2.71% for the 30-year fixed rate mortgage, according to Freddie Mac’s Primary Mortgage Market Survey. Presented by: SimpleNexus.

Mortgages 516

Mortgages Fixed-rate mortgage Loans Closing 516

Housing Wire

DECEMBER 8, 2021

“Mortgage rates declined for the first time in a month, prompting a pickup in refinancing, with government refinances increasing more than 20% over the week,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement.

FHA loan 468

FHA loan Mortgages VA loan Fixed-rate mortgage 468

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large dispersion in rates, meaning that homebuyers can save hundreds of dollars by shopping around with different lenders.

Mortgages 482

Mortgages Fixed-rate mortgage Loans Loan Officer 482

Housing Wire

JULY 8, 2021

The average 30-year fixed-rate mortgage fell eight basis points from the week prior to 2.9%, according to data released Thursday by Freddie Mac ‘s PMMS. Mortgage rates have been in a state of limbo for several months now. Treasury yields earlier this week.

Mortgages 482

Mortgages Fixed-rate mortgage Investor Industrial 482

Housing Wire

JULY 23, 2024

Home price growth in the second quarter was stronger than previously anticipated, but economists at Fannie Mae believe it will likely moderate soon, closing 2024 and 2025 at annualized rates of 6.1% Fannie now forecasts the 30-year fixed rate mortgage rate to average 6.8% and 3%, respectively.

Fixed-rate mortgage 468

Fixed-rate mortgage New Construction Sales Construction 468

Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. The survey shows the same rate was 4.67% a year ago. However, the same rate was 15 basis points higher compared to last Friday.

Marketing 526

Marketing Fixed-rate mortgage Banks Mortgages 526

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. Borrowers need to understand that they may need to refinance before the fixed-rate period expires, sell the home, or be prepared to make higher payments, said Kan.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Loan Officer 370

Housing Wire

OCTOBER 20, 2021

Home prices are currently up 20% year-over-year, but a recent Goldman Sachs market forecast claims they aren’t close to reaching their peak. Economists have attributed the decline in mortgage activity to prices that are now out of reach for some homebuyers. That rise in home prices won’t be helped by mortgage rates.

Mortgages 488

Mortgages Fixed-rate mortgage Loans Industrial 488