Housing Wire

APRIL 22, 2021

A year after issuing its first Single-Family Green Mortgage Backed Security on Earth Day 2020, Fannie Mae has now completed 25 transactions for the program, totaling $167 million in bonds backed by mortgages on newly constructed, energy-efficient homes. Horton, Lennar Corp. and NVR Inc.

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Housing Wire

DECEMBER 22, 2020

Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. There are two types of mortgages: fixed-rate and adjustable-rate. Fixed-rate mortgages have a set interest rate for the entirety of the loan.

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Housing Wire

JUNE 30, 2022

According to those sources, FGMC adopted an aggressive pricing strategy to purchase loans from correspondent partners, often paying 20 basis points higher than other investors on 30-year fixed-rate mortgages. The company said the bankruptcy action has no impact on closed mortgages, which are already serviced by third parties.

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Housing Wire

NOVEMBER 3, 2021

The monthly purchases have helped to keep the cost of financing low and, consequently, most economists expect rates to continue to rise. The Mortgage Bankers Association said that the asset-purchase tapering would not impact the trade group’s latest forecast for mortgage rates and mortgage originations.

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Housing Wire

SEPTEMBER 28, 2023

Just before noon on Thursday, they were Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.31% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 6.70% a year ago at this time.

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Housing Wire

JANUARY 4, 2024

In the first week of 2024, mortgage rates continued to stick around the mid 6% mark. The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4, a slight increase from the 6.61% rate recorded on Dec. 28 , according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

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Housing Wire

OCTOBER 19, 2023

Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. By contrast, the 30-year, fixed-rate mortgage was at 6.94% a year ago at this time.

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Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.86%.

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Fixed-rate mortgage Mortgages Equity Lending 493

Housing Wire

JANUARY 5, 2024

Homeowners : Depending on the type of mortgage they have and their financial goals, rising or falling interest rates will affect homeowners differently. Refinancing into a fixed-rate mortgage may provide stability and consistency, although homeowners should be prepared for tighter lending restrictions.

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Housing Wire

OCTOBER 5, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct. By contrast, the 30-year fixed-rate mortgage was at 6.66% a year ago at this time. 5th, up 18 basis point from last week ’s 7.31%.

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Fixed-rate mortgage Mortgages MLS Loans 476

Housing Wire

SEPTEMBER 20, 2023

The 30-year fixed mortgage rate increased to 7.31% last week, according to Kan. At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgage at 7.19% on Sunday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.30% on Tuesday.

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Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6%

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Housing Wire

AUGUST 15, 2024

The secondary mortgage market provides billions of dollars in overall funding, making more credit available to borrowers nationwide to promote stable housing financing. John Stocchetti is the EVP and Mortgage Partnership Finance Program Group Head at Federal Home Loan Bank of Chicago.

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Housing Wire

DECEMBER 19, 2024

The Federal Housing Finance Agency (FHFA) on Thursday announced that it initiated 43,459 foreclosure prevention actions in the third quarter of 2024, bringing the total number of homeowners helped to more than 7 million since the government-sponsored enterprises (GSEs) entered conservatorship in 2008.

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Housing Wire

OCTOBER 20, 2023

To conduct this analysis, Redfin compared median monthly mortgage payments for homebuyers in August 2023 and August 2022. On Thursday, 30-year fixed-rate mortgage rates crossed the 8% threshold , according to Mortgage News Daily. In March 2022, the 30-year fixed-rate mortgage averaged 3.56%.

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Housing Wire

JANUARY 11, 2024

Mortgage rates ticked up this week as the 10-year Treasury yield made its way back above 4%. The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, a slight increase from last week’s 6.62%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

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Housing Wire

SEPTEMBER 27, 2023

The 30-year fixed mortgage rate increased to 7.41% last week, according to Kan. At HousingWire’s Mortgage Rates Center , Optimal Blue showed the 30-year fixed-rate mortgage at 7.38% on Tuesday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.50% on Tuesday.

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Housing Wire

SEPTEMBER 6, 2023

Meanwhile, the adjustable-rate mortgage (ARM) share of activity decreased to 6.7% At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgages at 7.15% on Tuesday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.21%.

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Housing Wire

FEBRUARY 3, 2022

Inside Mortgage Finance reported that Santander residential production totaled $2.7 Santander’s decision regarding mortgage and home equity is another sign that the good times of the U.S. mortgage industry are in the past. The 30-year fixed rate mortgage is estimated to hit 4% this year, compared to 3.1%

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Housing Wire

JANUARY 21, 2022

Additionally, the report mentioned that the average 30-year fixed-rate mortgage is expected to be 3.6% Just this week , the average 30-year-fixed rate mortgage climbed to 3.56%, rising from 3.45% the week prior, Freddie’s PPMS Mortgage Survey found. trillion in 2021 to $1.2 in 2022 and 3.9%

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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

OCTOBER 5, 2023

Fannie Mae’s maximum LTV ratio for a single-unit home with a fixed-rate mortgage remains unchanged at 97%. These levels and their updates to 95% also apply equally to requirements for the standard, HomeReady and HomeStyle Renovation programs.

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Housing Wire

OCTOBER 12, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year, fixed-rate mortgage averaged 7.57% as of Oct. By contrast, the 30-year, fixed-rate mortgage was at 6.92% a year ago at this time.

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Housing Wire

FEBRUARY 10, 2021

She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase. Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program.

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Housing Wire

SEPTEMBER 13, 2023

The 30-year fixed mortgage rate increased to 7.27% last week, according to Kan. At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgages at 7.17% on Sunday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.30% on Monday.

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Fixed-rate mortgage Mortgages Loans Finance 435

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases.

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Housing Wire

AUGUST 29, 2024

from a high point hit in 2021 when the average 30-year fixed-rate mortgage fell to around 2.65%. “We million residential mortgages in Q2 2024, up from 1.31 Among homes purchased with financing in the second quarter, the median loan amount rose 7.2% Lending activity from April to June jumped 23.2%

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Housing Wire

JANUARY 12, 2024

Nationwide, the share of homeowners with relatively low rates has fallen modestly from a record high of 92.8% homeowners with mortgages had an interest rate below 6%. To conduct this study , Redfin analyzed data from the Federal Housing Finance Agency ’s National Mortgage Database as of the third quarter of 2023.

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Housing Wire

JULY 19, 2024

will potentially increase investment and liquidity into the reverse mortgage market,” he said. Financing counterparties and balance-sheet participants can be more constructive on growth, putting capital where it’s necessary to grow the business.” “I do think [HMBS 2.0]

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Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large dispersion in rates, meaning that homebuyers can save hundreds of dollars by shopping around with different lenders.

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Housing Wire

DECEMBER 7, 2023

Meanwhile, HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.96% on Thursday. The 30-year, fixed-rate mortgage fell by almost 80 basis points in six weeks, Sam Khater, Freddie Mac’s chief economist, said in a statement.

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Housing Wire

APRIL 7, 2021

A monthly mortgage, on the other hand, doesn’t usually increase for homeowners with fixed-rate mortgages. How are your finances? Not to mention, if your finances are solid, you’ll be able to afford all those extra housing expenses. Your Income Is Stable. You’re Actively Paying Down Debt.

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Housing Wire

DECEMBER 6, 2023

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. Total home loan applications increased 2.8% for the week ending Dec.

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Housing Wire

JUNE 5, 2024

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 The Federal Housing Administration (FHA) share of total applications increased to 13.2%, up from 12.7% the week prior. during the week.

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Housing Wire

AUGUST 10, 2021

The average 30-year fixed-rate mortgage was 3.22% in June, down from 3.27% in May but up from 2.93% in December 2020. A year ago, the average 30-year fixed rate was 3.40%. Rates have fallen since June , largely due to economic anxiety related to COVID-19 cases and a commensurate drop in 10-year treasuries.

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Housing Wire

JANUARY 31, 2024

On the strength of lower mortgage rates, homebuyers are reclaiming some purchasing power. The MBA survey shows the average mortgage rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) remained unchanged at 6.78% last week.

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Housing Wire

JULY 27, 2023

Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time. million.

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