Housing Wire

SEPTEMBER 25, 2024

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%. The FHA share of all applications fell to 15%, down 20 basis points (bps) from the prior week. Demand for U.S.

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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

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

MARCH 24, 2023

There was also a slight reduction in the serious delinquency rate from Q3 to Q4, dropping from 0.68% to 0.65% by the end of the fourth quarter. Comparatively, the serious delinquency rate for Federal Housing Administration (FHA) loans was 4.4%

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Housing Wire

APRIL 16, 2025

Department of Veterans Affairs (VA) share of applications dropped from 15.7% The average contract interest rate for 30-year fixed-rate mortgages increased to 6.81%, up from 6.61% a week earlier, while rates for 30-year fixed mortgages with jumbo loan balances rose by 19 basis points (bps) to 6.84%.

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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

NOVEMBER 24, 2021

The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) increased to 3.24%, four basis points higher than the previous week. For jumbo mortgage loans (greater than $548,250), it went to 3.28% from 3.26%. VA loans consisted of 10.3%

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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

APRIL 23, 2025

Joel Kan , MBAs vice president and deputy chief economist, attributed the decline to the second straight week of climbing rates , as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.90% from last week’s 6.81%.

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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 Federal Housing Administration (FHA) share of total applications increased to 13.2%, up from 12.7% And the VA share of total applications increased from 12% to 12.1% the previous week.

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Housing Wire

NOVEMBER 30, 2021

The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) increased to 3.31%, seven basis points higher than the previous week. For jumbo mortgage loans (greater than $548,250), it went to 3.27% from 3.28%. Meanwhile, FHA loans went from 8.6%

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Housing Wire

DECEMBER 22, 2021

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% The share of USDA loans was 0.5%. For example, FHA and VA refis jumped 4% and 12%, respectively. . on the previous week.

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Housing Wire

SEPTEMBER 6, 2024

That’s why we are not seeing much movement in rates.” For the same 30-year loan of $400,000, a mortgage originator in Texas on Friday quoted 6.35% for a Federal Housing Administration (FHA) loan and 5.5% Department of Veterans Affairs (VA) loan with no points or buydowns. Since the 10-year U.S

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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

JANUARY 13, 2021

The post New-year optimism reflected in mortgage applications jump 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 26, 2023

“The number of refinances decreased amid rising mortgage rates from 111,251 in the fourth quarter of 2022 to 78,445 in the first quarter of 2023.” The serious delinquency rate also decreased to 0.6%

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Housing Wire

JUNE 23, 2021

from 0.25 (including the origination fee) for 80% LTV loans. from 0.25 (including the origination fee) for 80% LTV loans. The post Mortgage applications rise again, despite rates jump 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

MARCH 24, 2021

The post Mortgage applications dip as home prices 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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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

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Housing Wire

OCTOBER 7, 2020

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3.01% from 3.05%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) fell to 3.31% from 3.33%.

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Housing Wire

MAY 12, 2021

The post Mortgage applications jump as rates fall to 2.96% appeared first on HousingWire.

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Housing Wire

JULY 28, 2021

And the 15-year rate fell to a record low last seen in 1990. 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

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

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

The post Mortgage applications increase for second straight week appeared first on HousingWire.

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Housing Wire

FEBRUARY 24, 2021

The post Texas storm deflates mortgage application numbers appeared first on HousingWire.

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Marco Santarelli

MARCH 4, 2025

Adjustable-Rate Mortgages (ARMs): These typically offer a lower initial interest rate than fixed-rate mortgages, but the rate can adjust periodically based on market conditions. ARMs can be attractive in the short term, but the uncertainty of future rate adjustments should give you pause.

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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.

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Marco Santarelli

MARCH 11, 2025

Exploring the Mortgage Options While traditional fixed-rate mortgages are often the go-to choice for many buyers, there are various mortgage products available to meet different financial needs. Federal Housing Administration (FHA) Loans : FHA loans are designed to assist low to moderate-income borrowers.

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Point2Homes

AUGUST 26, 2021

Here are the most common types to look out for: Fixed-Rate Mortgages. These mortgages span several years and feature an interest rate that stays the same for the duration. A 15-year fixed-rate mortgage allows you to pay off your loan in half the time, but your monthly payments will be significantly higher.

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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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HomeLight

NOVEMBER 20, 2023

Here’s a brief overview of assumable mortgage types: FHA Loans: Federal Housing Administration ( FHA ) loans are often assumable, subject to lender approval. A qualified buyer must meet standard FHA loan requirements, such as a minimum credit score of 580 and a 3.5% down payment.

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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%. VA Loans : These loans are backed by the U.S.

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Lab Coat Agents

FEBRUARY 7, 2023

The most common types of mortgages are: 30-year fixed-rate mortgage: With this type of loan, the interest rate remains fixed for the entire term, typically 30 years. This makes for predictable monthly payments and means you won’t have to worry about your rate going up in the future.

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