Housing Wire

MARCH 24, 2023

The Federal Housing Finance Agency (FHFA) released on Thursday its Fourth Quarter 2022 Foreclosure Prevention and Refinance Report, stating that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 52,469 foreclosure prevention actions in Q4 2022.

Fixed-rate mortgage 459

Fixed-rate mortgage VA loan FHA loan Loans 459

Housing Wire

JUNE 30, 2022

They are particularly worried about loans already approved but not purchased by FGMC. . 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.

Bankruptcy 545

Bankruptcy Fixed-rate mortgage Lending Loans 545

Housing Wire

OCTOBER 12, 2023

To that end, the CHLA, NAR and ICBA urged that the Federal Reserve shift its policy to maintain its stock of mortgage-backed securities (MBS) and suspend runoff until liquidity and the spread between the 30-year fixed rate mortgages and 10-year Treasury stabilizes.

Fixed-rate mortgage 542

Fixed-rate mortgage Mortgages Industrial Lending 542

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. but are well-established in Europe. ENERGY STAR 3.0 Horton, Lennar Corp.

Fixed-rate mortgage 447

Fixed-rate mortgage Finance Investor Loans 447

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.

Fixed-rate mortgage 488

Fixed-rate mortgage Mortgages Loans Investor 488

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. You’re not alone.

Fixed-rate mortgage 448

Fixed-rate mortgage Pre-approval Mortgages Loan Officer 448

Housing Wire

AUGUST 15, 2024

There are many government program offerings designed to support low-income borrowers and underserved communities available through banks and credit unions, including: Federal Housing Administration (FHA): FHA provides mortgage insurance on loans made by FHA-approved lenders. Nearly 90% of VA-backed loans are made with no down payment.

Industrial 476

Industrial Fixed-rate mortgage Banks Loans 476

Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.99%.

Fixed-rate mortgage 448

Fixed-rate mortgage Mortgages Investor Lending 448

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

VA loan 480

VA loan Mortgages Fixed-rate mortgage Loans 480

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%.

VA loan 435

VA loan FHA loan Fixed-rate mortgage Loans 435

Housing Wire

SEPTEMBER 20, 2023

15, mortgage applications rose 5.4% from the prior week , according to data from the Mortgage Bankers Association. Last week, purchase applications increased for both conventional and FHA loans but remained 26% lower than the same week a year ago. The 30-year fixed mortgage rate increased to 7.31% last week, according to Kan.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages FHA loan Loans 476

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.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Construction Loans 493

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.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages MLS Loans 476

Housing Wire

AUGUST 29, 2024

. “The mortgage industry got one of its biggest boosts in years during the second quarter, supported by a combination of the usual Springtime homebuyer demand coupled with more attractive mortgage rates,” said Rob Barber, CEO at ATTOM. of all mortgages. Purchase loan activity jumped 32.7% from Q2 2023.

Mortgages 433

Mortgages Fixed-rate mortgage Lending Residential 433

Housing Wire

DECEMBER 6, 2023

Falling mortgage rates last week brought increased demand. Total home loan applications increased 2.8% 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. for the week ending Dec. the week prior.

VA loan 521

VA loan Mortgages FHA loan Fixed-rate mortgage 521

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.

Fixed-rate mortgage 448

Fixed-rate mortgage Mortgages Loans MLS 448

Housing Wire

SEPTEMBER 27, 2023

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. The Federal Housing Administration loans’ share decreased to 14.1%

Mortgages 468

Mortgages Fixed-rate mortgage Loans Marketing 468

Housing Wire

SEPTEMBER 6, 2023

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%. The Federal Housing Administration loans’ share increased to 13.7% from 13.2% a week prior.

Fixed-rate mortgage 448

Fixed-rate mortgage Mortgages Loans Marketing 448

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.

Fixed-rate mortgage 468

Fixed-rate mortgage Mortgages MLS Loans 468

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. The Spanish bank said it will continue to service current loans and honor pending borrowers’ applications. trillion in 2022.

Banks 468

Banks Mortgages Fixed-rate mortgage Equity 468

Housing Wire

JANUARY 5, 2024

A buyer who might have qualified for a $400,000 mortgage may now qualify for a $350,000-$375,000 mortgage when interest rates rise. Buyers who still qualify for their target home loan might decide to look for smaller or more affordable properties in order to maintain their monthly housing budget.

Fixed-rate mortgage 468

Fixed-rate mortgage Agents Marketing Lending 468

Housing Wire

SEPTEMBER 13, 2023

Simultaneously, purchase applications increased over the week despite the increase in rates , buoyed by a 2% gain in conventional loans. At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgages at 7.17% on Sunday. Department of Agriculture loans’ share fell to 0.4%

Fixed-rate mortgage 435

Fixed-rate mortgage Mortgages Loans Finance 435

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.

Mortgages 482

Mortgages Fixed-rate mortgage Loans Loan Officer 482

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. Mortgage rates are around 7.7%, the highest levels in over 20 years, and LOs across America are having to reset their strategies. There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%. Really struggling.

Loan Officer 435

Loan Officer Mortgages Fixed-rate mortgage Loans 435

Housing Wire

JANUARY 4, 2023

That’s because costs for borrowers were higher, reflecting the mortgage market’s response to the Federal Reserve ‘s tightening monetary policy. The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week.

Mortgages 529

Mortgages Fixed-rate mortgage Loans Equity 529

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? A stable income means you’re more likely to be approved for a loan , than someone with an unstable income. Your Income Is Stable. You’re Actively Paying Down Debt.

Debt-to-income ratio 476

Debt-to-income ratio Fixed-rate mortgage Finance Loans 476

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.

Renovation 397

Renovation Fixed-rate mortgage Equity Finance 397

Housing Wire

AUGUST 10, 2021

Purchase mortgages rose to 51% of closed mortgages in June, up from 47% in May, according to the latest origination report from ICE Mortgage Technology (formerly Ellie Mae). Refinances represented 48% of closed loans. The data show closing rates for all loans decreased to 75.3% in June, down from 76.9%

Mortgages 418

Mortgages Marketing Fixed-rate mortgage Lending 418

Housing Wire

SEPTEMBER 21, 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 7.19% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 6.29% a year ago at this time.

Mortgages 459

Mortgages Fixed-rate mortgage Loans Construction 459

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%

Fixed-rate mortgage 532

Fixed-rate mortgage Mortgages New Construction Construction 532

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. “It’s obviously not just a flip flop, it’s a pretty big move,” said Luke Johnson, the founder and CEO of Neat Loans. .

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Loan Officer 370

Housing Wire

JUNE 12, 2024

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.02% from 7.07%, with points unchanged at 0.65 (including the origination fee) for 80% loan-to-value ratio (LTV) loans. The effective rate increased from last week.

Mortgages 475

Mortgages Fixed-rate mortgage Loans Marketing 475

Housing Wire

JANUARY 31, 2024

The average loan size for purchase applications has risen in recent weeks to $444,100, the largest average loan size since May 2022, Kan added. On the strength of lower mortgage rates, homebuyers are reclaiming some purchasing power. Last week, refis comprised 34.2% of the total applications, up from 32.7%

Mortgages 476

Mortgages Fixed-rate mortgage Loans Residential 476

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.

Fixed-rate mortgage 459

Fixed-rate mortgage Mortgages Closing costs MLS 459

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.

Mortgages 529

Mortgages Fixed-rate mortgage Investor Loans 529

Housing Wire

SEPTEMBER 27, 2023

Homebuyers faced surging mortgage costs, fees and monthly payments in 2022 amid a tightening monetary policy designed to combat persistent inflation. And because their income didn’t keep up, lenders’ denials for a home loan jumped last year, according to a Consumer Financial Protection Bureau (CFPB) report released Wednesday.

Debt-to-income ratio 459

Debt-to-income ratio Mortgages Fixed-rate mortgage Equity 459

HomeLight

JANUARY 31, 2025

Fixed-rate mortgages are the most popular mortgages on the market, but they may not be right for every homebuyer in every situation. Adjustable-rate mortgage loans (ARMs) offer options for borrowers who would benefit from a different approach to financing their mortgage due to specific life events or financial situations.

Loans 102

Loans Mortgages Fixed-rate mortgage Finance 102