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 417

Loans Fixed-rate mortgage Mortgages Residential 417

Housing Wire

MAY 25, 2022

“Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market.”. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) marginally fell to 10.4% and the Veterans Affairs (VA) loans fell to 10.4%

Fixed-rate mortgage 459

Fixed-rate mortgage Mortgages VA loan Loans 459

Housing Wire

JUNE 1, 2022

Refinance share of the mortgage activity declined to 31.5% Purchase applications last week were 14% lower than last year, with more activity in the larger loan sizes, said Kan. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($642,000 or less) fell to 5.33% from 5.46% in the prior week.

Fixed-rate mortgage 459

Fixed-rate mortgage Mortgages VA loan Loans 459

Housing Wire

SEPTEMBER 25, 2024

Purchase loan applications saw more modest increases of 0.4% Mortgage rate declines appear to be having a positive impact on borrower demand as MBA data showed that the 30-year fixed rate declined for an eighth straight week, reaching 6.13%. Rising home prices are reflected in larger loan sizes.

FHA loan 448

FHA loan Mortgages VA loan Fixed-rate mortgage 448

Housing Wire

FEBRUARY 21, 2024

The 30-year fixed-rate mortgage averaged 6.77% as of Feb. 15, according to Freddie Ma c ’s Primary Mortgage Market Survey. As of Wednesday, the 30-year fixed rate on HousingWire’s Mortgage Rates Center , powered by Polly , stood at 7.21%. retail residential mortgage applications.

Mortgages 468

Mortgages Fixed-rate mortgage Loans Residential 468

Housing Wire

AUGUST 29, 2024

million residential mortgage originations in the second quarter of 2024, an increase of 23.2% The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases, according to Attom ’s Q2 residential property mortgage origination report.

Mortgages 415

Mortgages Fixed-rate mortgage Lending Residential 415

Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. The Spanish bank said it will continue to service current loans and honor pending borrowers’ applications. trillion in 2022.

Banks 468

Banks Mortgages Fixed-rate mortgage Equity 468

Housing Wire

JANUARY 17, 2024

Mortgage rates at their lowest level in three weeks led to an increase in borrowers’ demand for home loans last week, spreading some optimism in the industry in the first few weeks of 2024. Overall, mortgage applications rose by 10.4% Overall, mortgage applications rose by 10.4% in the week ending Jan.

Mortgages 490

Mortgages Fixed-rate mortgage Loans Residential 490

Housing Wire

FEBRUARY 14, 2024

The 30-year fixed-rate mortgage averaged 6.64% as of Feb. 8, according to Freddie M ac ’s Primary Mortgage Market Survey. The MBA survey shows that the average mortgage rate for 30-year fixed loans with conforming balances ($766,550 or less) increased to 6.87%, up from 6.80% the week before.

Mortgages 434

Mortgages Fixed-rate mortgage Residential Loans 434

Housing Wire

APRIL 6, 2022

Interest in residential mortgage loans fell 6.25% for the week ending April 1 as rates jumped yet again , ever nearer to 5%, according to the Mortgage Bankers Association ‘s latest survey. Refinance applications are in a free fall, as few borrowers these days have an incentive to change their current loans rates.

Mortgages 448

Mortgages Fixed-rate mortgage Residential Loans 448

Housing Wire

FEBRUARY 11, 2021

For the third week in a row, the average mortgage rate for a 30-year fixed loan remained unchanged at 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. But, the run-up in Treasury rates has not impacted mortgage rates yet, which have held firm,” Khater said.

Mortgages 493

Mortgages Fixed-rate mortgage Loans Residential 493

Housing Wire

JULY 12, 2022

The loan quality of mortgage pools backing private-label securitization (PLS) deals has remained solid this year through the end of June, even as deal volume slowed appreciably between the first and second quarters. . Even with big drop in rates in the first week of July — the sharpest decline since 2008 , to 5.3% billion.

Loans 369

Loans Staging Mortgages Fixed-rate mortgage 369

Housing Wire

FEBRUARY 28, 2024

The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, according to Freddie Ma c ’s Primary Mortgage Market Survey. As of Wednesday, the 30-year fixed rate on HousingWire’s Mortgage Rates Center , powered by Polly , stood at 7.26%. retail residential mortgage applications.

Mortgages 448

Mortgages Fixed-rate mortgage Loans Residential 448

Housing Wire

APRIL 17, 2024

Mortgage rates hold major power in the housing industry; most importantly, high rates exacerbate the current affordability crisis by walloping the buying power of would-be buyers and discouraging some would-be sellers – those with low, fixed-rate mortgages – from listing their homes, a drain on available inventories.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

Housing Wire

MARCH 16, 2022

Interest in residential mortgages fell 1.2% for the week ending March 11 as mortgage rates rose to their highest levels since May 2019, according to the Mortgage Bankers Association ‘s latest survey. That’s led to a significant decline in refinance activity, both for conventional and government loans.

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages VA loan Loans 397

Housing Wire

MAY 18, 2022

According to the MBA, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.49% this week, down from 5.53% in the previous week. The survey, conducted since 1990, covers over 75% of the retail residential mortgage applications.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages Loans Residential 418

Housing Wire

FEBRUARY 3, 2022

The average 30-year-fixed rate mortgage remained flat for the third consecutive week at 3.55% for the week ending Feb. 3, reflecting the impacts of the Omicron variant in the economy, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.73%.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages Residential Banks 418

Housing Wire

OCTOBER 19, 2022

The MBA survey shows that the mortgage composite index for the week ending Oct. retail residential mortgage applications. Mortgage applications are now into their fourth month of declines, dropping to the lowest level since 1997.”. But another index measures rates even higher. The refinance index decreased 6.7%

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages Banks Loans 418

Housing Wire

MAY 11, 2022

Prospective homebuyers aren’t deterred by the skyrocketing mortgage rates amid a slow start to the spring home-buying season this year. The average contract interest rate for 30-year-fixed mortgages with conforming loan balances ($647,200 or less) rose to 5.53% this week from the previous week’s 5.36%.

Mortgages 459

Mortgages Fixed-rate mortgage Loans Residential 459

Housing Wire

OCTOBER 26, 2022

The Mortgage Bankers Association (MBA) survey shows that the mortgage composite index for the week ending Oct. Mortgage loan application volume plummeted 69% compared to the same period in 2021. retail residential mortgage applications. from the prior week when it reached its 25-year low. from 13.6%

Mortgages 386

Mortgages Fixed-rate mortgage Loans Residential 386

Housing Wire

SEPTEMBER 21, 2022

Demand for mortgage loans increased for the first time in six weeks, ahead of the Federal Reserve ’s meeting on Wednesday, when observers expect at least another 75 basis points hike to the federal funds rate. A year ago, rates averaged 2.86%. retail, residential mortgage applications.

Mortgages 418

Mortgages Fixed-rate mortgage Loans Residential 418

Housing Wire

AUGUST 18, 2022

Purchase mortgage rates declined this week on the news that inflation appears to have peaked and appear to be stabilizing. The 30-year fixed-rate mortgage decreased this week to an average of 5.13%, down from last week’s 5.22%, according to the latest purchase mortgage survey from Freddie Mac.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages Residential Loans 418

Housing Wire

JUNE 8, 2022

The average contract interest rate for 30-year-fixed-rate mortgages with conforming loan balances ($642,000 or less) rose to 5.40% from 5.33%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,000) rose to 4.90% from 4.93%.

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages VA loan Loans 418

Housing Wire

NOVEMBER 2, 2022

Borrowers’ demand for mortgage loans declined at a slower pace last week when mortgage rates dropped slightly ahead of the Federal Reserve ’s (Fed) meeting to announce the new target for the federal funds rate. A different index measures this week’s rates higher at 7.09% , according to Mortgage News Daily.

Mortgages 458

Mortgages Fixed-rate mortgage Loans Residential 458

Housing Wire

APRIL 27, 2022

Interest in residential mortgage loans fell 8.3% for the week ending April 22, including a sharp decline in purchase applications, which indicates a potential weakness in home sales in the coming months, according to the Mortgage Bankers Association ‘s (MBA) latest survey. from a year ago. the previous week. “In

Mortgages 397

Mortgages Fixed-rate mortgage Marketing Residential 397

Housing Wire

MAY 4, 2022

The uptick, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index, was propelled primarily by purchase-application activity, as rates remain elevated, hovering in the low 5% range and a drag on refinance volume. The seasonally adjusted purchase index rose 4.1% percent, up from 4.89 from 10.6%

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages VA loan Loans 370

Housing Wire

FEBRUARY 23, 2022

retail residential mortgage applications. According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, the 30-year fixed rate increased almost a full percentage point in comparison to one year ago. The average loan size was at $453,000.

Mortgages 418

Mortgages Fixed-rate mortgage Loans Residential 418

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Rates for jumbo loan balances (greater than $647,200) went from 6.14% to 5.97% in the same period. . ” Uptick in applications .

Mortgages 435

Mortgages Fixed-rate mortgage Loans New Construction 435

Housing Wire

SEPTEMBER 7, 2022

Demand for mortgage loans declined last week as the markets continue to exert pressure on rates. With the 30-year fixed-rate hovering above the 6% level again , there’s no sign of a rebound in applications yet, despite a robust job market and growing housing inventory. retail, residential mortgage applications.

Mortgages 435

Mortgages Fixed-rate mortgage Loans Residential 435

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. When interest rates hovered around 8%, it really hurt affordability,” Steinway said. So if you look macro versus micro, you’re going to get a very different picture,” said Shane Kidwell, CEO of Dwell Mortgage. “We

Mortgages 482

Mortgages Fixed-rate mortgage Equity Loans 482

Housing Wire

SEPTEMBER 14, 2022

Demand for mortgage loans declined last week as mortgage rates reached their highest level since 2008, crossing the 6% threshold. . The market composite index , a measure of mortgage loan application volume by the Mortgage Bankers Association , fell 1.2% retail, residential mortgage applications.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Residential 370

Housing Wire

AUGUST 24, 2022

Demand for mortgage loans continued to decline last week, remaining at the lowest level in two decades, according to the Mortgage Bankers Association (MBA). The market composite index , a measure of mortgage loan application volume, fell 1.2% retail, residential mortgage applications.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Residential 370

Housing Wire

JULY 13, 2022

The market composite index, a measure of mortgage loan application volume, decreased 1.7% for the week ending July 8, according to the Mortgage Bankers Association (MBA). Rates during the previous two weeks dropped by half a percent but were still well above the 30-year purchase rate of 2.9%

Mortgages 418

Mortgages Fixed-rate mortgage Loans Residential 418

Housing Wire

JULY 6, 2022

Fewer applications show borrowers’ demand for mortgage loans fell this week, despite a decline in rates due to concerns of an economic recession, according to the Mortgage Bankers Association (MBA). . Jumbo mortgage loans (greater than $647,200) went from 5.42% to 5.28%. The post Mortgage apps slide 5.4%

Mortgages 396

Mortgages Fixed-rate mortgage Loans Residential 396

Housing Wire

APRIL 19, 2023

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. Overall, mortgage applications fell last week by 8.8% in the same period.

Mortgages 397

Mortgages Marketing Fixed-rate mortgage Loans 397

Housing Wire

SEPTEMBER 29, 2022

Demand for mortgage loans dropped following the Fed’s decision to raise interest rates by an additional 75 basis points last week. The market composite index, a measure of mortgage loan application volume, declined 3.7% The MBA data shows the refinance share of all mortgage activity decreased to 30.2%

Fixed-rate mortgage 355

Fixed-rate mortgage Mortgages Loans Residential 355

Housing Wire

MARCH 23, 2022

Interest in residential mortgage loans fell 8.1% for the week ending March 18 as mortgage rates rose to 4.5%, the highest level in years, according to the Mortgage Bankers Association ‘s latest survey. The MBA found that the refi share of mortgage activity decreased to 44.8% from a year ago.

Mortgages 370

Mortgages Fixed-rate mortgage Loans Equity 370