Housing Wire

FEBRUARY 12, 2025

Mortgage applications increased 2.3% The Mortgage Bankers Association ‘s market composite index increased 6% on an unadjusted basis compared with the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) saw marginal movement to 6.95% from 6.97%.

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Housing Wire

DECEMBER 22, 2021

Mortgage applications fell 0.6% 17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board. The overall market composite index dipped 31.9%

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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.

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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. In addition, more for-sale inventory will likely be available on the market.

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Housing Wire

FEBRUARY 19, 2025

Mortgage rates decreased on average over the week, as markets brushed off unexpectedly strong inflation data. The seasonally adjusted purchase index decreased 6% from one week earlier while the unadjusted Purchase Index decreased 1% during the same week. Compared to the same time last year, the unadjusted index was 7% higher.

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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. The overall market composite index dipped 27.3% in the same period.

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Housing Wire

MARCH 26, 2025

Added Kan, Markets remained focused on potential trade policy changes, while the Fed held the funds rate [at] its current level, resulting in the 30-year fixed rate averaging 6.71% last week. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 6.77% from 6.78%.

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Housing Wire

JANUARY 13, 2021

. “This is a positive sign of more lower-income and first-time buyers returning to the market,” Kan said. The post New-year optimism reflected in mortgage applications jump appeared first on HousingWire.

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Housing Wire

NOVEMBER 24, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that purchase activity increased for the third straight week, as housing demand remains robust, even as the housing market approaches the typically slower holiday season. The overall market composite index dipped 24.5% in the period.

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Housing Wire

JUNE 23, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”.

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Housing Wire

DECEMBER 15, 2021

Compared to a year ago, mortgage applications declined across the board. The overall market composite index dipped 30.9% 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. from the week prior.

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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

Treasury yields moved lower on softer consumer spending data as consumers are feeling somewhat less upbeat about the economy and job market, said Kan. Increasing for-sale inventory in some markets has provided prospective buyers more options as we approach the spring homebuying season.

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Housing Wire

MARCH 17, 2021

“Purchase market activity was up 5% from a year ago, as the recovering job market and demographic factors drive demand, despite ongoing supply and affordability constraints,” Kan said. The refinance share of mortgage activity decreased as well, to 62.9% The FHA share of total mortgage applications increased to 11.7%

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Housing Wire

NOVEMBER 30, 2021

However, mortgage applications declined across the board in comparison to a year ago. The overall market composite index dipped 29.6% Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said mortgage rates rose for the third week in a row, reducing incentives for many borrowers to refinance.

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Housing Wire

APRIL 28, 2021

. “Even with a few weeks of lower rates, most borrowers have likely already refinanced, which is why activity has decreased in seven of the last eight weeks,” Kan said. The purchase market’s recent slide comes despite a strengthening economy and labor market.

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Housing Wire

JUNE 9, 2021

Mortgage applications fell 3.1% in the week ending June 4, and refis took the biggest dip, according to the latest report from the Mortgage Bankers Association. Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15 the previous week.

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Housing Wire

MARCH 24, 2021

. “As both home-price growth and mortgage rates continue this upward trend, we may see affordability challenges become more severe if new and existing supply does not significantly pick up.”. That’s coupled with a rise in mortgage rates , too.

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Housing Wire

OCTOBER 7, 2020

“Continuing the trend seen in recent months, the purchase market is growing at a strong clip,” Kan said. 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.”. The average contract interest rate for 5/1 ARMs fell to 2.8% from 2.95%.

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Housing Wire

MAY 12, 2021

. “Additionally, refinance loan balances increased for the fourth straight week, an indication that higher-balance borrowers acted to take quick advantage of lower rates.” ” Kan added that the first week of May was strong for the purchase market, with applications up 13% from a year ago.

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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. from 64.9% the previous week. from 10.5%.

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Housing Wire

SEPTEMBER 6, 2024

Mortgage rates remained flat following a jobs report on Friday that continued to show a cooling labor market. Kevin Leibowitz, president of Grayton Mortgage , said he was quoting 6.125% for a 30-year conventional mortgage of $400,000 on Friday with no discount points. That did not happen.

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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

As has been the case for several weeks now, rising mortgage rates and low inventory are contributing to the slowdown in mortgage applications, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. Refinance mortgage applications declined for the fifth straight week.

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Housing Wire

JUNE 5, 2024

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. Mortgage rates moved slightly higher last week, with the 30-year conforming rate reaching 7.07

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Housing Wire

MAY 19, 2021

The hike has also added nearly $13,000 to the market value of an average new multifamily home, which translates into households paying $119 a month more to rent a new apartment, the NAHB said. The post Mortgage applications increase for second straight week appeared first on HousingWire.

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Housing Wire

APRIL 5, 2023

retail residential mortgage applications. But the decline in demand for mortgage loans was more evident in the government market, which consists of Federal Housing Administration (FHA), U.S. Last week, mortgage apps in the space were 8.4% down compared to the previous week.

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Housing Wire

FEBRUARY 24, 2021

The adjustable-rate mortgage share of activity increased to 2.7% The housing market in most of the country remains strong, with activity last week 7% higher than a year ago,” Kan said. The post Texas storm deflates mortgage application numbers appeared first on HousingWire. of total applications.

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Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory.

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Marco Santarelli

MARCH 4, 2025

However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown. It signifies a potentially more favorable environment for entering the housing market or adjusting your current mortgage terms. mortgage rates.

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Marco Santarelli

MARCH 2, 2025

Generally, the 30-year fixed-rate mortgage is the most popular choice among homebuyers. This type allows homeowners to spread out their payments over three decades, resulting in lower monthly payments compared to shorter term loans. down payment. Home prices, however, may not drop dramatically due to limited inventory.

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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% NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. in Q2 2022–its smallest share since early 2008.

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Marco Santarelli

MARCH 11, 2025

In the current economic climate, understanding mortgage rates is essential for any potential homebuyer or homeowner considering refinancing. The interplay between current market conditions, Federal Reserve policies, and external economic indicators can create a complex landscape.

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Marco Santarelli

APRIL 2, 2025

Refinance Rates: Generally slightly higher than purchase rates, but also reflecting similar downward trends. Adjustable-Rate Mortgages (ARMs): Introductory rates can be attractive, but fixed rates currently look more appealing due to market conditions.

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Marco Santarelli

FEBRUARY 16, 2025

Todays Mortgage Rates February 16, 2025: Rates Hold Steady Key Takeaways Current Average Rates : 30-Year Fixed : 6.53% 15-Year Fixed : 5.87% Adjustable Rates : Competitive 5/1 and 7/1 ARMs at 6.45% and 6.40%. Understanding how these rates fluctuate can empower buyers to make more informed decisions.

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RIS Media

NOVEMBER 4, 2020

Mortgage applications increased 3.8 percent from the previous week , according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. The Market Composite Index, a measure of mortgage loan application volume, increased 3.8 percent the previous week.

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HomeLight

NOVEMBER 20, 2023

“Assuming an existing mortgage can also save you on closing costs,” says Eric Broesamle , a top Michigan real estate agent who works with nearly 75% more single-family homes than the average agent in his Mount Clemens market. There are typically fewer fees involved when you do an assumable mortgage rather than a new origination.

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