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.

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VA loan Mortgages FHA loan Fixed-rate mortgage 521

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 4, 2021

on the strength of descending mortgage rates. Mike Fratantoni, MBA’s senior vice president and chief economist, said this past week’s drop in mortgage applications can be attributed to the market’s assessment of the latest COVID-19 delta variant. for 80% LTV loans. for 80% LTV loans.

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Housing Wire

MARCH 8, 2023

It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. In addition, loan officers said that investors took advantage of a slower market.

Loans 397

Loans Fixed-rate mortgage Mortgages Loan Officer 397

Housing Wire

NOVEMBER 4, 2020

“Mortgage rates continue to hover at record lows this fall. The 30-year fixed mortgage rate remained essentially unchanged at 3.01 percent last week, but rates for 15-year fixed-rate loans, FHA loans and jumbo loans all fell to new MBA survey lows.”. of total applications.

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Housing Wire

DECEMBER 9, 2021

Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and affordability, according to the latest Freddie Mac PMMS mortgage report. Economists at Freddie Mac said the 15-year fixed-rate mortgage averaged 2.38% last week, down from 2.39% the week prior.

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Mortgages Fixed-rate mortgage Marketing Loans 516

Housing Wire

AUGUST 12, 2020

While this was still positive news for the purchase market, the gradual slowdown in the improvement in the job market and tight housing inventory remain a concern for the coming months, even as low mortgage rates continue to provide support.”. The adjustable-rate mortgage (ARM) share of activity fell last week to 2.7%

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Fixed-rate mortgage Mortgages Loans Industrial 545

Housing Wire

AUGUST 19, 2020

Conventional purchase applications drove last week’s increase, while applications for government loans decreased,” Kan said. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.13% from 3.06%.

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Fixed-rate mortgage Mortgages Loans Industrial 542

Housing Wire

OCTOBER 28, 2020

and jumped 24% compared to last year as average loan size reached another record high at $372,600, the report said. These results highlight just how strong the upper end of the market is right now, with outsized growth rates in the higher loan size categories. The post Refis lead the way as mortgage applications rise 1.7%

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Fixed-rate mortgage Mortgages Loans Industrial 523

Housing Wire

JUNE 16, 2021

Treasury yields have slid because of the uncertainty in the financial markets regarding inflation , and how the Federal Reserve may act over the next few months.” ” Purchase applications were also down 17% from a year ago, the start of the mortgage boom, Kan said. of total mortgage applications from 60.4% from 11.2%.

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Fixed-rate mortgage Mortgages Loans Industrial 521

Housing Wire

APRIL 26, 2023

Higher mortgage rates did not scare away potential homeowners last week. Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. The latest Mortgage Bankers Association (MBA) report confirms Stone’s perceptions.

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Loans Mortgages Fixed-rate mortgage Loan Officer 418

Housing Wire

JANUARY 19, 2022

Mortgage applications increased 2.3% from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 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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Housing Wire

OCTOBER 6, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the ongoing economic uncertainty. For jumbo loans, it went from 6.01% to 6.14% in the same period.

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Housing Wire

APRIL 21, 2021

. “Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showing gains,” Kan. The spring housing market also saw a boost from lower rates, with purchase applications — driven by a jump in conventional applications — increasing over 5%.”

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Fixed-rate mortgage Mortgages Loans Industrial 488

Housing Wire

AUGUST 5, 2024

sent shockwaves through financial markets around the world on Monday. mortgage market , which has already seen big interest rate declines in the past week following a Fed meeting that teased forthcoming cuts to benchmark interest rates, along with a much weaker-than-expected jobs report. As of 11:08 a.m.

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Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. for 30-year fixed-rate loans. for 30-year fixed-rate loans.

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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 Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars.

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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.

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Loans Mortgages Banks Fixed-rate mortgage 459

Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. 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 7.12% as of Sept.

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Mortgages Fixed-rate mortgage Marketing MLS 476

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. economy through full employment, stable prices and moderate long-term interest rates.

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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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Fixed-rate mortgage Mortgages Finance Equity 505

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. of total mortgage applications from 61% the previous week.

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Fixed-rate mortgage Mortgages Loans Industrial 468

Housing Wire

APRIL 28, 2021

. “Even with a few weeks of lower rates, most borrowers have likely already refinanced, which is why activity has decreased in seven of the last eight weeks,” Kan said. The purchase market’s recent slide comes despite a strengthening economy and labor market.

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Fixed-rate mortgage Mortgages Loans Industrial 488

Housing Wire

FEBRUARY 8, 2024

Mortgage rates stabilized this week despite newly released economic data. The 30-year fixed-rate mortgage averaged 6.64% as of Feb. 8, a slight increase from last week ’s figure of 6.63%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 468

Mortgages Fixed-rate mortgage Marketing Loans 468

Housing Wire

MARCH 24, 2021

. “As both home-price growth and mortgage rates continue this upward trend, we may see affordability challenges become more severe if new and existing supply does not significantly pick up.”. That’s coupled with a rise in mortgage rates , too.

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Fixed-rate mortgage Mortgages Loans Land 497

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

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.

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Fixed-rate mortgage Mortgages Loans Investor 488

Housing Wire

NOVEMBER 1, 2023

Rates for a 30-year, fixed-rate mortgage are the highest in over 20 years and may stay elevated for some time. In many cases, that product may still be a fixed-rate mortgage. But for some borrowers, a less traditional loan type could make the most financial sense.

Loans 435

Loans Fixed-rate mortgage Lending Loan Officer 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%. A year ago at this time, it averaged 2.16%.

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Fixed-rate mortgage Mortgages Lending Loans 511

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.

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Fixed-rate mortgage Mortgages MLS Loans 468

Housing Wire

JULY 13, 2022

June was a rough month for jumbo-mortgage securitizations, with only two private-label offerings brought to market valued at roughly $821 million. The two jumbo-loan deals that did make it out of the gate last month were issued by Rocket Mortgage and J.P. Morgan Chase via the Rocket Mortgage Trust and J.P.

Loans 418

Loans Fixed-rate mortgage Mortgages Residential 418

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. According to the MBA , mortgage applications decreased 9% across the board for the week ending January 27 compared to the week prior. Nik Shah, CEO of Home LLC.

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Fixed-rate mortgage Mortgages Marketing Loan Officer 397

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.

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Fixed-rate mortgage Mortgages Construction Loans 493

Housing Wire

MARCH 24, 2022

And there’s good reason to believe mortgage rates will be in the 5% range before too long. According to data from Freddie Mac ‘s PMMS survey, mortgage rates on the traditional 30-year fixed-rate mortgage jumped 26 basis points to 4.42% this week, with increases across all loan types.

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Fixed-rate mortgage Mortgages Banks Loans 488

Housing Wire

JUNE 5, 2024

Mortgage applications dropped 5.2% for the week ending May 31 compared to the prior week, according to the Mortgage Bankers Association (MBA), results that include an adjustment for the Memorial Day holiday. Mortgage rates moved slightly higher last week, with the 30-year conforming rate reaching 7.07

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VA loan Mortgages Fixed-rate mortgage Loans 479

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

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