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

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

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.

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Mortgages VA loan FHA loan Fixed-rate mortgage 476

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

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

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

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

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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Mortgages VA loan FHA loan Fixed-rate mortgage 461

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

VA loan 369

VA loan FHA loan Fixed-rate mortgage Principal 369

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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Mortgages VA loan FHA loan Fixed-rate mortgage 419

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

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%.

Mortgages 418

Mortgages VA loan FHA loan Fixed-rate mortgage 418

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

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 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

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

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

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

MAY 26, 2021

The post Mortgage applications decrease 4% 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

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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Eye on Housing

JULY 27, 2022

Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% Conventional loans financed 74.8% in Q2 2022–its smallest share since early 2008. of new home sales in the second quarter of 2022—a 1.8 percentage point quarter-over-quarter decline. Read More ›

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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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Fixed-rate mortgage Mortgages Loans Lending 461

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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Fixed-rate mortgage Mortgages Loans Industrial 435

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

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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Point2Homes

AUGUST 26, 2021

In this guide, we’ll take a quick look at the different types of mortgage loans available. Conventional Loans. A conventional loan is any mortgage loan that is not guaranteed or insured by a government entity. Conventional loans are provided through private lenders, banks or credit unions.

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Loans Mortgages Fixed-rate mortgage FHA loan 103

Housing Wire

MARCH 24, 2021

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

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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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Realty Biz

DECEMBER 30, 2022

More specifically, you'll need to spend some time educating yourself on the different types of mortgage loans. It'll enable you to sift through the home loans available to you so that you can decide which one will work best for you. It'll also help you get access to the best mortgage rates around.

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Loans FHA loan Mortgages Debt-to-income ratio 69

HomeLight

NOVEMBER 6, 2023

With rates hitting their highest point in almost 23 years, the path to purchasing a home has become more challenging. For some home shoppers, there’s a potential solution: assumable mortgages. Assuming a mortgage allows you to step into the shoes of the seller and take over their loan, often at a lower interest rate.

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Marco Santarelli

SEPTEMBER 30, 2023

FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. The minimum credit score for an FHA loan is 580 with a 3.5% However, many FHA lenders require credit scores of at least 620.

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Housing Wire

FEBRUARY 24, 2021

The higher-priced segment of the market continues to perform well, Kan said, with the average purchase loan size increasing to a survey-high of $418,000. The FHA share of total mortgage applications increased to 11.2% The VA share of total mortgage applications decreased to 11.9% from 9% the week prior. from 13.2%

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HomeLight

NOVEMBER 20, 2023

As a buyer, you will not only be looking for the right home at the right price, but you’ll also be on an expedition to discover if the seller’s loan is assumable. But if you succeed in your quest, you can sidestep today’s high mortgage interest rates and secure a monthly payment that could be hundreds of dollars less.

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Housing Wire

DECEMBER 12, 2023

The gap peaked in November 2022, when the average note rate for new construction sales was one percentage point lower than the rate for existing home sales. Limited to loans with CLTV 76-80 and FICO 720-770 to control for the effect of loan level pricing adjustments. As of July 2023, the gap had slightly narrowed to 0.8

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Redfin

AUGUST 12, 2024

Choosing the right home loan is a crucial step in your homebuying journey. With various mortgage types available, navigating the options can be overwhelming. Whether you’re looking to buy your first home in Austin or refinance your house in Miami , understanding the different mortgage types and key factors is essential.

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