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.

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Housing Wire

JANUARY 12, 2023

Mortgage industry watchers have started 2023 with optimism regarding the possibility of mortgage rates returning to the 5% range this year – but not without a dose of volatility on the way. The same rate was 3.45% one year ago at this time. Meanwhile, the Consumer Price Index rose by 6.5%

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Industrial Mortgages Fixed-rate mortgage Investor 505

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. The topic of the panel discussion: “What’s New in Non-Agency?”. “So,

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Industrial Loan Officer Fixed-rate mortgage Lending 476

Housing Wire

AUGUST 15, 2024

Community financial institutions can originate fixed-rate mortgage loans that are attractive to homebuyers and sell them in the secondary market, thereby reducing the lending institutions’ risk of carrying long-term loans on their balance sheets.

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Industrial Fixed-rate mortgage Banks Loans 476

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Economists had predicted rates would rise as the overall economy stabilized. Other indices put mortgage rates even higher. is still better than what they might get elsewhere.”.

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Industrial Mortgages Fixed-rate mortgage Loan Officer 397

Housing Wire

AUGUST 12, 2020

Consumers responded to mortgage rates that fell to new low last week , with the refinance index jumping 9% from the previous week to its highest level since April, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The average contract interest rate for 5/1 ARMs fell to 3% from 3.09%.

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Fixed-rate mortgage Mortgages Loans Industrial 545

Housing Wire

JULY 7, 2021

“Treasury yields have been volatile despite mostly positive economic news, including last week’s June jobs report, which showed ongoing improvements in the labor market,” said Joel Kan, MBA associate vice president of economic and industry forecasting. “However, rates continued to move lower, especially late in the week.”

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Fixed-rate mortgage Mortgages Loans Industrial 482

Housing Wire

OCTOBER 21, 2020

Joel Kan, MBA’s vice president of economic and industry forecasting, pointed to a rise in mortgage rates last week for why conventional and government purchase activity took a step back. The 30-year fixed rate climbed two basis points to 3.02, the highest since late September. from 2.59%.

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Fixed-rate mortgage Mortgages Loans Industrial 482

Housing Wire

AUGUST 19, 2020

The seasonally adjusted purchase index gained 1% compared with the previous week and was 27% higher than the same week one year ago – the third straight month of year-over-year increases, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The average contract interest rate for 5/1 ARMs fell to 2.95% from 3%.

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Fixed-rate mortgage Mortgages Loans Industrial 542

Housing Wire

SEPTEMBER 16, 2020

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, demand for refinances may be slowing due to remaining borrowers waiting for another sizable drop in rates. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA remained unchanged at 3.16%.

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Fixed-rate mortgage Mortgages Loans Industrial 542

Housing Wire

DECEMBER 23, 2020

Mortgage applications jumped 0.8% a week after the 30-year fixed mortgage rate dropped five basis points to 2.85%, the trade group noted. The 30-year rate is up to 2.86% in the most recent MBA survey, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Housing Wire

JULY 21, 2021

. “The 30-year fixed rate increased slightly to 3.11% after two weeks of declines, and other surveyed rates moved lower, with the 15-year fixed rate loan — used by around 20% of refinance borrowers — decreasing to 2.46%,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Housing Wire

SEPTEMBER 23, 2020

9 , Joel Kan, MBA’s associate vice president of economic and industry forecasting, said the recent rebound in refinance activity was driven mainly by borrowers applying for conventional loans. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) rose to 3.1%

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Fixed-rate mortgage Mortgages Marketing Loans 537

Housing Wire

OCTOBER 28, 2020

After two weeks of slight declines , mortgage applications regained their footing last week, rising 1.7% from the week prior, according to a report from the Mortgage Bankers Association. With the 30-year fixed rate at MBA’s all-time survey low of 3%, conventional refinances rose 5%. from 2.61%.

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Housing Wire

JUNE 16, 2021

After three straight weeks of declines , mortgage applications increased 4.2% for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association. The post Mortgage applications increase as 30-year rate falls appeared first on HousingWire. “ U.S.

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Housing Wire

OCTOBER 14, 2020

. “Applications for government mortgages offset some of the overall decline by increasing 3%, driven by a solid gain in government purchase applications and an 11% jump in VA refinance applications,” said Joel Kan, MBA’s vice president of economic and industry forecasting. from 3.31%.

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Fixed-rate mortgage Mortgages Loans Industrial 468

Housing Wire

NOVEMBER 4, 2020

According to Joel Kan , MBA’s associate vice president of economic and industry forecasting, borrowers made a grab for both conventional and government refi’s. The drop in rates spurred an uptick in demand for refinances,” Kan said. Mortgage rates continue to hover at record lows this fall.

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Housing Wire

JUNE 23, 2021

The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA. Purchase activity was higher for the third straight week, according to Joel Kan, MBA’s vice president of economic and industry forecasting. from 0.25 (including the origination fee) for 80% LTV loans.

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Housing Wire

JANUARY 6, 2022

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. Rising mortgage rates have already begun to sap demand.

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Fixed-rate mortgage Mortgages Lending Loans 511

Housing Wire

MARCH 17, 2021

Mortgage applications dropped for the second straight week — falling 2.2%, according to the latest report from the Mortgage Bankers Association. The continued increase in mortgage rates is to blame, according to MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan.

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Fixed-rate mortgage Mortgages Loans Construction 435

Housing Wire

FEBRUARY 23, 2023

The mortgage industry has been on a roller coaster ride this year due to a resilient economy. In the span of a month, mortgage rates shot up near 7% after dropping to the low 6%-levels. “The Following the climb in the 10-year Treasury yield, the Freddie Mac fixed rate for a 30-year loan also continued to rise.

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Industrial Mortgages Fixed-rate mortgage Investor 397

Housing Wire

APRIL 28, 2021

Mortgage applications decreased despite mortgage rates falling for the third week in a row, indicating high prices and low inventory, said Joel Kan, MBA associate vice president of economic and industry forecasting. The post Applications drop, despite falling mortgage rates appeared first on HousingWire.

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Fixed-rate mortgage Mortgages Loans Industrial 488

Housing Wire

JUNE 9, 2021

Mortgage applications fell 3.1% in the week ending June 4, and refis took the biggest dip, according to the latest report from the Mortgage Bankers Association. Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15

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Fixed-rate mortgage Mortgages Loans As-is 476

Housing Wire

NOVEMBER 18, 2020

Joel Kan, MBA’s associate vice president of economic and industry forecasting, said the refinance index decrease can be attributed to “sharp declines” in FHA and VA applications – from 10.6 Here is a more detailed breakdown of this week’s mortgage application data: The USDA share of total mortgage applications increased to 0.5%

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Fixed-rate mortgage Mortgages Loans Industrial 493

Housing Wire

NOVEMBER 11, 2020

That 1% jump is the highest since August, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. Here is a more detailed breakdown of this week’s mortgage application data: The FHA’s share of mortgage apps fell to 10.6% “Homebuyer demand is still strong overall, and activity was up 16.5%

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Fixed-rate mortgage Mortgages Loans Industrial 493

Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. He added that mortgage rates have moved higher in tandem with Treasury yields.

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Housing Wire

DECEMBER 28, 2023

As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded on Dec. 21 according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

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Housing Wire

NOVEMBER 25, 2020

Joel Kan, MBA’s associate vice president of industry and economic forecasting, noted volatility in the weekly mortgage rates due to markets responding to “fiscal policy uncertainty” and a resurgence in COVID-19 cases around the country.

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Fixed-rate mortgage Mortgages Loans Industrial 476

Housing Wire

DECEMBER 23, 2021

The average 30-year-fixed rate mortgage dropped to 3.05% during the week ending Dec. 23, after achieving 3.12% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.66%. Rising mortgage rates have already begun to sap demand.

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Housing Wire

FEBRUARY 17, 2022

The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. It’s the highest level since May 2019, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.81%. Some mortgage rate indices topped 4% late last week.

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Fixed-rate mortgage Mortgages Loans Industrial 448

Housing Wire

JULY 15, 2021

The average 30-year fixed-rate mortgage fell two basis points from the week prior to 2.88%, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week,” Khater said.

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Fixed-rate mortgage Mortgages Banks Investor 511

Housing Wire

SEPTEMBER 9, 2020

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, last week’s drop in rates led to the rebound in refinance activity – driven mainly by borrowers applying for conventional loans. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA fell to 3.16% from 3.19%.

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Housing Wire

MAY 12, 2021

. “The decline in rates helped the refinance index reach its highest level in eight weeks, driven by a 4% increase in conventional refinances,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Fixed-rate mortgage Mortgages Loans Industrial 468

Housing Wire

SEPTEMBER 2, 2020

Despite 30-year fixed and 15-year fixed mortgage rates declining to near historical lows, both conventional and government refinancing activity fell last week, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. Mortgage rates have remained below 3.5%

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Fixed-rate mortgage Mortgages Loans Industrial 468

Housing Wire

OCTOBER 7, 2020

Refinances continued to hover around two-thirds the share of mortgage activity as they increased to 65.4% The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3.01% from 3.05%. The average contract interest rate for 5/1 ARMs fell to 2.8%

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Fixed-rate mortgage Mortgages Loans As-is 482

Housing Wire

DECEMBER 9, 2020

The refinance index is up 89% from the previous year, according to Joel Kan, MBA’s associate vice president of industry and economic forecasting. from 2.92% The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) increased to 3.2%

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Fixed-rate mortgage Mortgages Loans Industrial 465

Housing Wire

JULY 28, 2021

The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and the potential economic fallout, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. And the 15-year rate fell to a record low last seen in 1990.

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