Housing Wire

JANUARY 5, 2024

Remember that mortgage lenders base their rates for fixed- and adjustable-rate mortgages on the Fed’s interest rate, and a rise or fall in interest rates will affect your clients differently. Declining interest rates present other opportunities for homeowners.

Fixed-rate mortgage 451

Fixed-rate mortgage Agents Marketing Lending 451

Housing Wire

SEPTEMBER 27, 2023

Refinance activity accounted for approximately one-third of applications (31.9%), as many homeowners have little incentive to refinance. Mortgage rates moved to their highest levels in over 20 years as Treasury yields increased late last week. The adjustable-rate mortgage (ARM) share of activity increased to 7.5%

Mortgages 451

Mortgages Fixed-rate mortgage Loans Marketing 451

Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%.

Fixed-rate mortgage 528

Fixed-rate mortgage Mortgages Lending Renovation 528

Housing Wire

DECEMBER 16, 2020

Homeowners once again acted on the decline in rates, with refinance activity rising for the second straight week and up 105% from a year ago,” Kan said. He added that purchase applications rose for the sixth straight week to the highest levels since June.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Loans Industrial 493

Housing Wire

JANUARY 24, 2024

There is still little incentive for homeowners to refinance with rates at these levels.” The MBA survey shows the average mortgage rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.78% last week, up from 6.75% the prior week.

Mortgages 488

Mortgages Fixed-rate mortgage Loans Residential 488

Housing Wire

SEPTEMBER 13, 2023

Given how high rates are right now, there continues to be minimal refinance activity and a reduced incentive for homeowners to sell and buy a new home at a higher rate,” said Joel Kan, MBA’s vice president and deputy chief economist. The refinance share of mortgage activity decreased to 29.1% from 13.7% the week prior.

Fixed-rate mortgage 417

Fixed-rate mortgage Mortgages Loans Finance 417

Marco Santarelli

JULY 20, 2024

homeowners are showcasing remarkable resilience, referring to them as the “strong hands” within this market cycle. This term refers to the phenomenon where homeowners have secured low, fixed-rate mortgages for 30 years , disincentivizing them from selling their homes. homeowners are mortgage-free.

Fixed-rate mortgage 52

Fixed-rate mortgage Marketing Mortgages Lending 52

Housing Wire

DECEMBER 14, 2023

Meanwhile, HousingWire’s Mortgage Rates Center showed Optimal Blue ’s average 30-year fixed rate on conventional loans at 6.9% In today’s market, about two-thirds of outstanding mortgages still feature rates below 4%, and over 90% feature rates lower than 6%. on Thursday.

Mortgages 493

Mortgages Fixed-rate mortgage Loan Officer MLS 493

Housing Wire

DECEMBER 21, 2023

Lower rates will have a positive impact on affordability, Lisa Sturtevant, chief economist at Bright MLS, said in a statement. Bright MLS forecasts the average on a fixed-rate mortgage rate to fall to 6.5% by mid-year and to decline further to 6.2% by the end of next year.

Mortgages 506

Mortgages Fixed-rate mortgage MLS New Construction 506

Housing Wire

FEBRUARY 7, 2024

Mortgage applications increased by 3.7% Despite swings in Treasury yields, mortgage rates have remained stable since the beginning of the year. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, according to Freddie Mac ’s Primary Mortgage Market Survey. during the week ending Feb.

Mortgages 482

Mortgages Fixed-rate mortgage Loans Residential 482

Housing Wire

DECEMBER 16, 2021

The average 30-year-fixed rate mortgage increased to 3.12% during the week ending Dec. 16, up from 3.10% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.67%. A year ago, at this time, it averaged 2.21%.

Fixed-rate mortgage 513

Fixed-rate mortgage Mortgages Lending Banks 513

Housing Wire

JANUARY 27, 2022

The average 30-year-fixed rate mortgage declined one basis point from the week prior to 3.55% during the week ending Jan. 27, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%. A year ago at this time, it averaged 2.20%.

Fixed-rate mortgage 468

Fixed-rate mortgage Mortgages Banks Loans 468

Housing Wire

JUNE 30, 2021

“As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the year,” added Sam Khater, Freddie Mac’s chief economist. For those homeowners who have not yet refinanced – and there remain many borrowers who could benefit from doing so – now is the time.”.

Fixed-rate mortgage 430

Fixed-rate mortgage Mortgages Loans Investor 430

Housing Wire

AUGUST 11, 2021

With low rates and heightened concerns surrounding the Delta variant, many homeowners are electing to refinance. For the first time since February, refinance activity reached half of all mortgage originations, according to the latest report from Black Knight. The post Mortgage applications up 2.8%

Fixed-rate mortgage 403

Fixed-rate mortgage Mortgages Loans Industrial 403

Housing Wire

AUGUST 18, 2021

“The increase in mortgage rates caused a 5% decrease in refinancing, driven by a 7% drop in conventional refinance applications. Even though rates are 7 basis points lower than the same week a year ago, the refinance index is around 8% lower,” said Kan. The refinance share of mortgage activity decreased to 67.3%

Fixed-rate mortgage 460

Fixed-rate mortgage Mortgages Loans Industrial 460

Housing Wire

NOVEMBER 10, 2021

Mortgage rates fell below 3% in the week ending November 10, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage declined to 2.98% last week, falling 11 basis points from 3.09% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged 2.84%.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Closing Loans 493

Housing Wire

JANUARY 6, 2021

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. In the final week of the year, the 15-year fixed-rate mortgage averaged 2.19%, a full point lower than the same period in 2019.

Fixed-rate mortgage 527

Fixed-rate mortgage Mortgages Loan Officer Loans 527

Housing Wire

MARCH 1, 2023

Data on inflation , employment and economic activity signaled that inflation may not be cooling as quickly as anticipated, putting upward pressure on rates, Kan explained. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances that are greater than $726,200 remained at 6.44% during the same period.

Fixed-rate mortgage 388

Fixed-rate mortgage Mortgages Marketing Loans 388

Housing Wire

AUGUST 5, 2020

As refinances fell, the refinance share of mortgage activity also declined to 63.9% 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) fell to 3.14% from 3.2%.

Fixed-rate mortgage 430

Fixed-rate mortgage Mortgages Loans Industrial 430

Housing Wire

AUGUST 3, 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 6.90% as of August 3, up from last week ’s 6.81%. By contrast, the 30-year fixed-rate mortgage was at 4.99% a year ago at this time.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Sales 370

Housing Wire

AUGUST 12, 2021

The average 30-year fixed-rate mortgage rose to 2.87% for the week ending in August 12, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The increase follows six consecutive weeks of mortgage rate declines. It marked the highest month-to-month job growth in nearly a year.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Banks Finance 493

Housing Wire

JANUARY 19, 2024

Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November. But we can’t blame high mortgage rates for the deficit in transactions last year. In 2023, 4.09 compared to a year ago.

Fixed-rate mortgage 451

Fixed-rate mortgage Sales MLS Mortgages 451

Housing Wire

MAY 15, 2024

They concluded that the net effect of rapidly rising mortgage rates led to 1.3 A homeowner with a 4% mortgage is 50% less likely to sell their home when rates are at 7% than if prevailing rates were still at 4%. They compared fixed-rate mortgages to adjustable-rate mortgages.

Mortgages 441

Mortgages Fixed-rate mortgage Sales Title 441

Housing Wire

AUGUST 19, 2021

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines.

Mortgages 513

Mortgages Fixed-rate mortgage Banks Finance 513

Housing Wire

FEBRUARY 1, 2023

According to the MBA , mortgage applications decreased 9% across the board for the week ending January 27 compared to the week prior. At the same time, the 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased one basis point to 6.19%. Nik Shah, CEO of Home LLC.

Fixed-rate mortgage 388

Fixed-rate mortgage Mortgages Marketing Loan Officer 388

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. TD Bank ’s HELOC Trend Watch survey found that 43% of homeowners who are planning to renovate intend to use a HELOC or home equity loan to finance the project. So, it’s imperative to speak with a lender.

Renovation 388

Renovation Fixed-rate mortgage Equity Finance 388

Housing Wire

MAY 13, 2021

The average 30-year fixed rate mortgage managed another dip last week, falling two basis points to 2.94%, according to Freddie Mac ‘s PMMS. Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under 3% for the past month. after weeks of declines.

Mortgages 523

Mortgages Fixed-rate mortgage As-is Marketing 523

Housing Wire

DECEMBER 2, 2020

Kan added that a sustained period of low mortgage rates continues to “spark borrower demand,” leading to the mortgage industry being poised for its strongest year in originations since 2003. The refinance share of mortgage activity decreased to 69.5% of total applications from 71.1% the previous week.

Fixed-rate mortgage 417

Fixed-rate mortgage Mortgages Loans Industrial 417

Housing Wire

MAY 27, 2021

Mortgage rates have been hovering around 3% for over a month now, as macro economic factors left the bond market hesitant over the global recovery. In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually.

Mortgages 475

Mortgages Fixed-rate mortgage Construction Sales 475

Housing Wire

JULY 19, 2024

What’s most evident is the alignment in the ultimate goal of providing financial solutions to consumers, especially senior homeowners,” Wong said. and within the industry, led by the National Reverse Mortgage Lenders Association (NRMLA), which has been a leader in working to create these changes.”

Development 441

Development Industrial Mortgages Fixed-rate mortgage 441

HomeLight

MARCH 5, 2024

For most homebuyers and refinancing homeowners, the traditional 30-year fixed-rate mortgage is often the default loan option they use to purchase a house. But there are other types of mortgages and term lengths available. A phrase you might hear in real estate lending circles is “10 over 30 mortgage.”

Fixed-rate mortgage 116

Fixed-rate mortgage Mortgages Loans Finance 116

Housing Wire

APRIL 14, 2022

.” The gulf between the average 30-year-fixed rate conforming mortgage and a 30-year jumbo, a product for wealthier borrowers, widened to 42 basis points, according to Black Knight ‘s Optimal Blue OBMMI pricing engine, which considers refinancings and additional data from the Mortgage Bankers Association (MBA).

Mortgages 430

Mortgages Fixed-rate mortgage Banks Renovation 430

Housing Wire

JUNE 26, 2023

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 58,268 foreclosure prevention actions during the first quarter of 2023, raising the total number of homeowners who have been helped to 6,771,101 since the start of conservatorships in September 2008.

VA loan 370

VA loan FHA loan Fixed-rate mortgage Principal 370

Housing Wire

SEPTEMBER 14, 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 7.18% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time. 14, up from last week ’s 7.12%.

Mortgages 441

Mortgages Fixed-rate mortgage Investor Loans 441

Housing Wire

APRIL 23, 2021

For months there was a question in the market “about whether fear of coronavirus infection was keeping homeowners from selling,” stated Daryl Fairweather, chief economist at Redfin. Another reason for low inventory – active listings were down 47% in March compared to March 2019, per the report – are low mortgage interest rates.

Fixed-rate mortgage 451

Fixed-rate mortgage Sales Mortgages Marketing 451

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash-out refinances reaching $1.2 trillion in 2021. HELOCs offer flexibility.

Equity 388

Equity Fixed-rate mortgage Principal Loans 388

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021.

Equity 403

Equity Fixed-rate mortgage Principal Mortgages 403