Housing Wire

NOVEMBER 10, 2023

FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. In September, government-insured FHA loans represented a little over 15% of U.S. Meanwhile, military VA loans represented 6.3% in April 2023. a year earlier.

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Housing Wire

DECEMBER 6, 2023

Total home loan applications increased 2.8% Slower inflation and the confidence financial markets have that we are nearing the end of the Fed ’s hiking cycle has brought mortgage rates to the lowest level since August. The share of Federal Housing Administration (FHA) loan activity increased to 15%, down from 13.5%

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VA loan Mortgages FHA loan Fixed-rate mortgage 521

Housing Wire

DECEMBER 3, 2023

Mortgage originations Purchase lending dominated the market overall, driving 86% of all first-lien lending in the third quarter. In 2024, roughly 75% of originations expected to come from purchase loans. in October, also a series high, while the average among FHA and VA loans hit 45.5% for FHA loans and 44.5%

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Housing Wire

MARCH 22, 2023

Redfin attributed the drop in down payment amount and percentage to the slower housing market , lower home prices, and higher housing costs due to rising mortgage rates. The less competitive market has also resulted in more buyers using FHA and VA loans. Detroit saw the highest share of FHA loans at 29.5%

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Housing Wire

JULY 20, 2021

year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said. In 2018-2019, total housing market inventory was in the range between 1.52

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Housing Wire

JANUARY 10, 2024

4, according to Freddie Mac ’s Primary Mortgage Market Survey. The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% The share of Department of Veterans Affairs (VA) loan activity was 16.3%, up from 14.6% Department of Agriculture (USDA) loan activity decreased to 0.4%

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Housing Wire

JULY 3, 2024

Mortgage rates moved higher last week, crossing the 7 percent mark, even as the latest inflation data has kept market expectations alive for a rate cut from the Fed later this year,” Mike Fratantoni , MBA’s senior vice president and chief economist, said in a statement. Federal Housing Administration (FHA) loans accounted for 13.1%

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Housing Wire

NOVEMBER 9, 2023

housing market after 54 programs were added in the third quarter, according to Down Payment Resource (DPR), a homebuyer assistance program data and solutions firm. Program providers are working around the clock to ensure the programs they offer meet the needs of their markets.

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Housing Wire

OCTOBER 4, 2023

But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained. “So They are staying busy relative to the market,” Ullmann said.

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Housing Wire

NOVEMBER 7, 2024

MBA uses the survey to track and forecast mortgage performance trends in the housing market. Surveyed loan types include Federal Housing Administration (FHA) loans, U.S. Department of Veterans Affairs (VA) loans and conventional loans.

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Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

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Housing Wire

DECEMBER 22, 2021

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. The overall market composite index dipped 31.9% That marks the second-highest amount ever, indicating more activity in the higher end of the market. . in the period.

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Housing Wire

OCTOBER 9, 2024

In reference to the purchase market, Fratantoni observed that a couple key factors continue to play a role in consumer demand. “As Now, there are more homes available in many markets across the country, and with mortgage rates still low compared to recent history, at least some potential homebuyers are moving ahead.” of applications.

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Housing Wire

DECEMBER 20, 2023

Total home loan applications decreased by 1.5% The share of Federal Housing Administration (FHA) loan activity decreased to 15.5%, down from 16.1% The share of Department of Veterans Affairs (VA) loan activity was 15.6%, up from 14.2% Department of Agriculture (USDA) loan activity remained unchanged at 0.4%.

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Housing Wire

AUGUST 7, 2024

The average rate for jumbo loans (balances above $766,550) fell 30 bps to 6.77%. “As As a result of lower rates, refinance applications increased across all loan types, particularly for VA loans, and were almost 60% higher than it was at this time last year and at its highest level in two years,” Kan said.

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Housing Wire

NOVEMBER 22, 2023

Total home loan applications increased 3% for the week ending Nov. Mortgage rates for the 30-year fixed loan averaged 7.44%, falling 6 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The average loan size on a purchase application was $403,600, the lowest since January 2023.

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Housing Wire

JUNE 20, 2024

As of June 14, the state had a 90-day average of 10,393 single-family active listings on the market. Despite the state’s tight inventory, the housing market is not as hot as one might expect. Despite the state’s tight inventory, the housing market is not as hot as one might expect. You are seeing a more conservative aggression.

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Housing Wire

OCTOBER 4, 2023

“The purchase market slowed to the lowest level of activity since 1995, as the rapid rise in rates pushed an increasing number of potential homebuyers out of the market,” Joel Kan, MBA’s vice president and deputy chief economist, said in a news release. Meanwhile, the refinance share of mortgage activity decreased to 31.7%

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Housing Wire

OCTOBER 12, 2023

Mortgage-rate-lock volume fell 20% in September, led by a combination of seasonal decline in purchase activity and rising interest rates, according to Optimal Blue ’s Originations Market Monitor report. FHA and VA loan production both gained in activity share to 20.6% and 10.4%, respectively. of the total.

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Housing Wire

DECEMBER 8, 2021

Regarding the purchase market, Kan said mortgage applications fell after four consecutive increases, but activity is still close to the highest level since March, a positive sign. The overall market composite index dipped 27.3% VA loans comprised 10.7%, increasing seven basis points. Meanwhile, FHA loans went from 8.9%

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FHA loan Mortgages VA loan Fixed-rate mortgage 468

Housing Wire

NOVEMBER 15, 2023

Total home loan applications increased 2.8% The 30-year, fixed mortgage rate averaged 7.5%, falling 26 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% for the week ending Nov. the previous week.

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VA loan FHA loan Mortgages Loans 468

Housing Wire

JANUARY 3, 2024

The recent decline in rates has given the housing market some cause for optimism going into 2024, but purchase applications have not yet picked up in response, with the overall level of purchase activity 12% lower than a year ago,” Kan said in a statement. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5%

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Mortgages VA loan FHA loan Loans 467

Housing Wire

OCTOBER 19, 2021

The new home sales estimate is derived using mortgage application information from the BAS, as well as assumptions regarding market coverage and other factors. When looking at loans by product type, conventional loans made up 75.1% of all loan applications, FHA loans represented 13.9%, VA loans composed 10.5%

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Housing Wire

DECEMBER 15, 2021

The overall market composite index dipped 30.9% For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior. Regarding the purchase market , Kan said mortgage applications increased slightly because a 1.7% decline in applications for government loans. from the week prior.

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Housing Wire

JULY 18, 2024

By loan type, conventional mortgages continued to comprise the majority of applications for new homes, accounting for 60.8% Notably, Federal Housing Administration (FHA) loans gained market share, rising from 26.5% Department of Veterans Affairs (VA) loans accounted for 10.2% of the total in June.

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Housing Wire

OCTOBER 18, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 14.8% The share of Department of Veterans Affairs (VA) loan activity was 10.7%, up from 10.2% the week prior while the share of Department of Agriculture (USDA) loan activity held steady at 0.5%. from 14.4% for the week ending Oct.

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Housing Wire

NOVEMBER 1, 2023

27, total home loan applications fell 2.1% The impact of higher rates continued to be felt across both purchase and refinance markets,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. The share of Federal Housing Administration (FHA) loan activity was 14.7%, down from 15.2% the week prior.

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Mortgages VA loan FHA loan Loans 448

Housing Wire

OCTOBER 25, 2023

“These higher mortgage rates are keeping prospective homebuyers out of the market and continue to suppress refinance activity.” The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% from 14.8% from 14.8%

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Mortgages VA loan FHA loan Loans 476

Housing Wire

NOVEMBER 16, 2021

Housing demand remains strong, and buyers are making quick decisions in a still very competitive market.”. Regarding product type, conventional mortgage loans reigned supreme, making up 75.7% of loan applications. FHA loans composed 13.5% of applications, while VA loans and USDA loans composed 10.3%

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Mortgages VA loan FHA loan Construction 501

Housing Wire

AUGUST 15, 2024

homeowners are struggling to stay in their homes, and market conditions theoretically put the most heat on those who bought after mortgage rates rose. On an annualized basis, late-payment rates increased 35 bps for conventional loans, 165 bps for Federal Housing Administration (FHA) loans and 93 bps for U.S.

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Mortgages VA loan FHA loan Staging 474

Housing Wire

AUGUST 19, 2021

Marina Walsh, vice president of industry analysis at the MBA, noted that the recovery is being driven by several factors “including improved employment and other economic conditions, the availability of home retention workout options after forbearance, and a strong housing market that is bringing additional alternatives to distressed homeowners.”.

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VA loan Mortgages FHA loan Loans 459

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

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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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Mortgages VA loan FHA loan Fixed-rate mortgage 459

Housing Wire

NOVEMBER 29, 2023

Mortgage rates for the 30-year fixed loan averaged 7.29% as of Nov. 22, falling 15 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The share of Federal Housing Administration (FHA) loan activity decreased to 13.5%, down from 14.8% of total applications. the week prior. last week.

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Mortgages VA loan FHA loan Loans 459

Housing Wire

MARCH 11, 2024

increase in purchase activity, data from Optimal Blue ’s Originations Market Monitor report showed. for cash-out loans. .” The index for Federal Housing Administration (FHA) loans rose 28 bps to 6.66%, while the U.S. Rate lock volume rose 5% from January to February due to a notable 8.3%

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VA loan FHA loan Loans Lending 476

Housing Wire

JUNE 17, 2021

Lack of inventory and sweltering home prices have become a market norm for much of the industry, and May’s loan size data reported the trend has yet to abate. According to the BAS, the average loan size rose from $377,434 in April to $384,000 in May ? the fourth consecutive month of rising loan sizes and a new survey high.

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Housing Wire

MARCH 25, 2021

If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier.

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