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Mortgage applications climb as rates continue to decline

Housing Wire

While the average contract interest rate for 30-year fixed-rate mortgages decreased to 6.67%, every other loan type saw rates decrease. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances also saw a decrease to 6.68% from 6.83%. for several weeks.

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Lowest mortgage rates in months create surge in applications

Housing Wire

The average interest rate for a 30-year fixed-rate mortgage shrunk down to 6.73%, while the average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances also saw a decrease to 6.83% from 7.00% Both 15-year fixed-rate mortgages and 5/1 ARMs saw rate decreases to 6.12% from 6.25% and 5.85% from 6.05%, respectively.

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Purchase applications continue growth streak this spring

Housing Wire

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances saw a modest decrease to 6.70% from 6.71%. For 30-year fixed-rate mortgages with jumbo loan balances, rates decreased to 6.76% from 6.77%. The USDA share of total applications decreased to 0.5%

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Black Friday deals on a new home? Here you go

Housing Wire

Buyers using this incentive can qualify for either a 3/2/1 rate buydown on a 30-year FHA Fixed-rate Mortgage or a 3/2/1 rate buydown on a 30-year conventional fixed-rate mortgage. Several areas, including Central Ohio, Greater Austin, Texas, and Charlotte, N.C.,

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Mortgage applications drop after weeks of growth

Housing Wire

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances increased to 6.78% from last week’s 6.68%. Interest rates for 5/1 ARMs increased to 5.84% from 5.81%.

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We just had the strongest refi week in months

Housing Wire

Average contract interest rates for 30-year fixed-rate mortgages with conforming loan balances decreased to 6.97% from 7.02% and jumbo loans for 30-year fixed-rate mortgages also saw a small decrease to 7.01% from 7.02%. Like ARM activity, the USDA share of total applications remained unchanged at 0.5%

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All those 2025 mortgage rates forecasts are now wrong

Housing Wire

Most housing market analysts expect mortgage rates to spend the year with a 6 handle. The most optimistic predictions assume 2025 will see mostly low 6s for the 30-year fixed rate mortgage. The bond market got spooked and mortgage rates jumped back over 7%.

Mortgages 488