Housing Wire

NOVEMBER 4, 2020

“Mortgage rates continue to hover at record lows this fall. The 30-year fixed mortgage rate remained essentially unchanged at 3.01 percent last week, but rates for 15-year fixed-rate loans, FHA loans and jumbo loans all fell to new MBA survey lows.”.

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Housing Wire

MARCH 26, 2025

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 6.77% from 6.78%. Both the average contract interest rates for 30-year fixed-rate mortgages backed by the FHA and 15-year fixed-rate mortgages remained unchanged at 6.40% and 6.08%, respectively.

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Housing Wire

FEBRUARY 19, 2025

While 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) saw interest rates decrease to 6.93% from 6.95%, interest rates for 30-year fixed-rate mortgages with jumbo loan balances increased to 7.03% from 6.96%. the week prior.

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Housing Wire

DECEMBER 23, 2020

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. 18, according to the latest report from the Mortgage Bankers Association. Mortgage applications jumped 0.8%

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Housing Wire

OCTOBER 11, 2023

As the 30-year, fixed-rate mortgage hit 7.67% for the week ending Oct. 6, mortgage applications remained near historic lows. However, an uptick in adjustable-rate mortgage (ARM) applications edged total applications up slightly. Mortgage applications picked up 0.6% for the week ending Oct. from 14.5%

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Housing Wire

DECEMBER 6, 2023

Falling mortgage rates last week brought increased demand. Total home loan applications increased 2.8% 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. for the week ending Dec. the week prior.

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Housing Wire

SEPTEMBER 20, 2023

15, mortgage applications rose 5.4% from the prior week , according to data from the Mortgage Bankers Association. Last week, purchase applications increased for both conventional and FHA loans but remained 26% lower than the same week a year ago. Department of Veteran Affairs loans’ share decreased to 11% from 11.3%

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Housing Wire

JANUARY 13, 2021

“Even with the rise in mortgage rates, refinancing did not slow to begin the year, with the index hitting its highest level since last March,” said Kan. “Both conventional and government refinance applications increased, with applications for government loans having their strongest week since June 2012.”. from 10.1%

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Housing Wire

SEPTEMBER 25, 2024

Purchase loan applications saw more modest increases of 0.4% Mortgage rate declines appear to be having a positive impact on borrower demand as MBA data showed that the 30-year fixed rate declined for an eighth straight week, reaching 6.13%. Rising home prices are reflected in larger loan sizes.

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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. of total mortgage applications, down from 59.4% in the same period.

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Housing Wire

MAY 26, 2021

The post Mortgage applications decrease 4% appeared first on HousingWire.

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Housing Wire

MARCH 24, 2023

According to the report, about 37% of the loan modifications completed in Q4 reduced borrowers’ monthly payments by at or over 20%. Rising rates led to a reduction in mortgage refinances during that quarter, declining to 111,251 in Q4 2022, down from 194,189 the previous quarter.

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Housing Wire

MARCH 24, 2022

The national median monthly mortgage payment settled in loan applications increased 8.3%, from $1,526 in January to $1,653 in February, according to a survey published Thursday by the Mortgage Bankers Association. Conventional loans’ national median mortgage payment went from $1,582 in January to $1,749 in February.

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Housing Wire

FEBRUARY 26, 2025

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 7.00% from 7.03%. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57% from 6.70%.

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Housing Wire

APRIL 5, 2023

Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. Overall, mortgage applications declined 4.1% last week on a seasonally adjusted basis, down from one week earlier, according to the Mortgage Bankers Association (MBA).

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Housing Wire

NOVEMBER 24, 2021

“Both conventional and government loan applications increased, and the average loan size for a purchase loan was at $407,200, continuing its ongoing 2021 run of being mostly above $400,000,” Kan said. For jumbo mortgage loans (greater than $548,250), it went to 3.28% from 3.26%. Refi represented 63.1%

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Housing Wire

DECEMBER 15, 2021

“Fewer homeowners have a strong incentive to refinance at current rates,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%.

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Housing Wire

JUNE 23, 2021

. “Despite the jump in rates, refinances also increased for the second consecutive week, pushed higher by a 4% bump in conventional refinance applications,” Kan said, “Government purchase applications drove most of last week’s increase, which also contributed to a slightly lower overall average purchase loan size.”.

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Housing Wire

JUNE 9, 2021

“Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15 Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars.

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Housing Wire

APRIL 21, 2021

The jump in applications can be traced to mortgage rates falling to the lowest level in two months, prompting a small resurgence in refinance activity, said Joel Kan, MBA associate vice president of economic and industry forecasting. The post Mortgage applications rebound following drop in rates appeared first on HousingWire.

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Housing Wire

OCTOBER 7, 2020

The average loan size increased again to a new record at $371,500, as activity in the higher loan size categories continues to lead growth.”. As a result, the lower price tiers are seeing slower growth, which is contributing to the rising trend in average loan balances,” Kan said. The post Mortgage applications rise 4.6%

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Housing Wire

DECEMBER 22, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that the average purchase loan increased to $416,200. of total mortgage applications, up from 63.3% VA loans comprised 11.5%, an increase of nine basis points. Meanwhile, the share of FHA loans remained unchanged at 9.6%

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Housing Wire

NOVEMBER 30, 2021

Regarding purchase activity, he said the increase in applications was driven by a 6% growth in conventional loans apps, which tend to be larger than government loans. The average loan amount increased to $414,700, the highest since February. For jumbo mortgage loans (greater than $548,250), it went to 3.27% from 3.28%.

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Mortgages VA loan FHA loan Fixed-rate mortgage 418

Housing Wire

APRIL 28, 2021

Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.17% from 3.2%

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Housing Wire

MARCH 24, 2021

The post Mortgage applications dip as home prices climb appeared first on HousingWire.

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Housing Wire

MARCH 17, 2021

The post Mortgage applications continue to fall as rates climb appeared first on HousingWire.

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Housing Wire

MAY 12, 2021

. “The decline in rates helped the refinance index reach its highest level in eight weeks, driven by a 4% increase in conventional refinances,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The post Mortgage applications jump as rates fall to 2.96% appeared first on HousingWire.

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Housing Wire

JULY 28, 2021

Those ultra-low rates naturally resulted in a sharp uptick in refinancing activity. “With over 95% of refinance applications for fixed rate mortgages, borrowers are looking to secure a lower rate for the life of their loan,” Kan said Wednesday.

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Housing Wire

SEPTEMBER 6, 2024

Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan originators told HousingWire. That’s why we are not seeing much movement in rates.” That did not happen.

Mortgages 476

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Housing Wire

JANUARY 6, 2021

Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 2.86% from 2.9% The post Mortgage applications drop over holidays appeared first on HousingWire.

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Housing Wire

MARCH 31, 2021

The average contract interest rate for 30-year fixed-rate mortgages decreased to 3.29% from 3.35% — the first decrease in three weeks The average contract interest rate for 15-year fixed-rate mortgages decreased to 2.71% from 2.72% The average contract interest rate for 5/1 ARMs increased to 2.85% from 2.79%.

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Housing Wire

JUNE 5, 2024

Department of Veterans Affairs (VA) loan applications. The refinance share of mortgage activity decreased to 31.1% The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased from 7.05% to 7.07%, with points increasing from 0.63

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Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. for 30-year fixed-rate loans. for 30-year fixed-rate loans.

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Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders.

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Housing Wire

APRIL 7, 2021

The post Rising rates push mortgage applications down for fifth week appeared first on HousingWire.

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Housing Wire

MAY 19, 2021

Mortgage applications increased for the second straight week , this time jumping 1.2% for the week ending May 14, 2021, according to the latest report from the Mortgage Bankers Association. All loan types hit their highest levels in two weeks.

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Housing Wire

JUNE 26, 2023

The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans. 35% of loan modifications completed in Q1 “reduced borrowers’ monthly payments by more than 20%,” the report’s findings said. “The

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