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.

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Industrial Fixed-rate mortgage Banks Loans 476

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?”. “I

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Industrial Loan Officer Fixed-rate mortgage Lending 476

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” I think, as a whole, the industry is reacting pretty favorably to this.

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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 adjustable-rate mortgage (ARM) share of activity increased to 2.3% of total applications. from 10.2% the week prior.

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Fixed-rate mortgage Mortgages Loans Industrial 542

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. of total applications.

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Fixed-rate mortgage Mortgages FHA loan Loans 516

Housing Wire

DECEMBER 23, 2020

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. 18, according to the latest report from the Mortgage Bankers Association. Mortgage applications jumped 0.8% Mortgage rates are closing the year at record lows,” Kan said.

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Fixed-rate mortgage Mortgages FHA loan Loans 538

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 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 adjustable-rate mortgage (ARM) share of activity fell slightly to 2.2% trillion the MBA is forecasting for 2020. from 3.07%.

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Fixed-rate mortgage Mortgages Marketing Loans 537

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

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

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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Fixed-rate mortgage Mortgages Loans Industrial 523

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

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

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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Fixed-rate mortgage Mortgages Marketing Loans 476

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. from 0.29 (including the origination fee) for 80% LTV loans. from 0.29 (including the origination fee) for 80% LTV loans. “ U.S.

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Fixed-rate mortgage Mortgages Loans Industrial 521

Housing Wire

OCTOBER 5, 2023

Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide.

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Housing Wire

JUNE 9, 2021

“Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15 percent,” said Joel Kan, the MBA’s vice president of economic and industry forecasting. of total mortgage applications from 61.3% the previous week.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages Loans Industrial 476

Housing Wire

JUNE 23, 2021

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. from 0.25 (including the origination fee) for 80% LTV loans.

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Fixed-rate mortgage Mortgages Loans Construction 448

Housing Wire

JANUARY 19, 2022

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, the 30-year fixed rate reached 3.64%, more than 30 basis points over the past two weeks. Higher rates led to the “slowest pace of refinance activity in over two years,” mainly among FHA and VA loans, Kan said in a statement.

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Loans Mortgages VA loan Fixed-rate mortgage 418

Housing Wire

APRIL 21, 2021

The jump in applications can be traced to mortgage rates falling to the lowest level in two months, prompting a small resurgence in refinance activity, said Joel Kan, MBA associate vice president of economic and industry forecasting. The post Mortgage applications rebound following drop in rates appeared first on HousingWire.

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Fixed-rate mortgage Mortgages Loans Industrial 488

Housing Wire

MARCH 10, 2021

With spring approaching – signaling the start of a busy buying season – the purchase market sported its strongest showing in four weeks, with gains in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Fixed-rate mortgage 448

Fixed-rate mortgage Mortgages Loans Industrial 448

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 loan size increased again to a new record at $371,500, as activity in the higher loan size categories continues to lead growth.”. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 2.2%

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Fixed-rate mortgage Mortgages Loans As-is 482

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 487

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. The trend in larger average loan application sizes and growth in loan amounts points to the continued rise in home prices, as well as the strength in the upper end of the market.”. from 11.1%

Fixed-rate mortgage 493

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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Fixed-rate mortgage Mortgages Loans Land 497

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

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

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.

Fixed-rate mortgage 468

Fixed-rate mortgage Mortgages Loans Industrial 468

Housing Wire

NOVEMBER 18, 2021

Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%.

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Fixed-rate mortgage Mortgages Loans Industrial 514

Housing Wire

OCTOBER 6, 2021

Joel Kan, MBA’s associate vice president of economic and industry forecasting, said that “higher rates are reducing borrowers’ incentive to refinance, as declines were seen across all loan types.” drop in conventional loans application. The refi share of mortgage activity decreased to 64.5% the previous week.

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Fixed-rate mortgage Mortgages Loans Industrial 468

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. “The

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Fixed-rate mortgage Mortgages Loans Industrial 476

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans 459

Loans Mortgages Banks Fixed-rate mortgage 459

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. Randy Howell, president of Mortgage Power Inc.

Industrial 397

Industrial Mortgages Fixed-rate mortgage Loan Officer 397

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 15-year fixed-rate mortgages fell to 2.62% from 2.67%.

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Fixed-rate mortgage Mortgages Marketing Loans 459

Housing Wire

AUGUST 18, 2021

Mortgage rates followed an overall increase in Treasury yields last week, which started higher from the strong July jobs report before slowing because of weaker consumer sentiment and concerns about rising COVID-19 cases,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. the previous week.

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Fixed-rate mortgage Mortgages Loans Industrial 476

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. Those ultra-low rates naturally resulted in a sharp uptick in refinancing activity.

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