Housing Wire

DECEMBER 22, 2021

Mortgage applications fell 0.6% 17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. Compared to a year ago, mortgage applications declined across the board. The overall market composite index dipped 31.9%

Mortgages 418

Mortgages VA loan FHA loan Fixed-rate mortgage 418

Housing Wire

MARCH 3, 2021

The housing market is entering the busy spring buying season with strong demand,” Kan said. “Purchase applications increased, with a rise in government applications – likely first-time buyers – pulling down the average loan size for the first time in six weeks.”. The refinance index increased 0.1%

Fixed-rate mortgage 546

Fixed-rate mortgage Mortgages Loans Industrial 546

Housing Wire

MAY 25, 2022

Despite a decline in mortgage rates last week, mortgage application volume was down 1.2% The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. .

Fixed-rate mortgage 459

Fixed-rate mortgage Mortgages VA loan Loans 459

Housing Wire

DECEMBER 15, 2021

Compared to a year ago, mortgage applications declined across the board. The overall market composite index dipped 30.9% Fewer homeowners have a strong incentive to refinance at current rates,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. from the week prior.

VA loan 435

VA loan FHA loan Fixed-rate mortgage Loans 435

Housing Wire

JANUARY 13, 2021

. “This is a positive sign of more lower-income and first-time buyers returning to the market,” Kan said. The post New-year optimism reflected in mortgage applications jump appeared first on HousingWire.

Fixed-rate mortgage 514

Fixed-rate mortgage Mortgages Loans Industrial 514

Housing Wire

JUNE 1, 2022

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Refinance share of the mortgage activity declined to 31.5% the prior week, and the VA loan share dropped to 10.2%

Fixed-rate mortgage 459

Fixed-rate mortgage Mortgages VA loan Loans 459

Housing Wire

DECEMBER 8, 2021

“Mortgage rates declined for the first time in a month, prompting a pickup in refinancing, with government refinances increasing more than 20% over the week,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. Compared to a year ago, mortgage applications declined across the board.

FHA loan 468

FHA loan Mortgages VA loan Fixed-rate mortgage 468

Housing Wire

NOVEMBER 24, 2021

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement that purchase activity increased for the third straight week, as housing demand remains robust, even as the housing market approaches the typically slower holiday season. The overall market composite index dipped 24.5%

Mortgages 459

Mortgages VA loan FHA loan Fixed-rate mortgage 459

Housing Wire

JUNE 23, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”.

Fixed-rate mortgage 457

Fixed-rate mortgage Mortgages Loans Construction 457

Housing Wire

MARCH 10, 2021

After a slight increase in late February , mortgage applications dipped 1.3% in the week ending March 5, according to the latest report from the Mortgage Bankers Association. “Loan sizes moderated for the second straight week, which is potentially a sign that more first-time buyers are entering the market,” Kan said.

Fixed-rate mortgage 448

Fixed-rate mortgage Mortgages Loans Industrial 448

Housing Wire

MARCH 17, 2021

“Purchase market activity was up 5% from a year ago, as the recovering job market and demographic factors drive demand, despite ongoing supply and affordability constraints,” Kan said. The refinance share of mortgage activity decreased as well, to 62.9% The FHA share of total mortgage applications increased to 11.7%

Fixed-rate mortgage 435

Fixed-rate mortgage Mortgages Loans Construction 435

Housing Wire

NOVEMBER 4, 2020

Despite volatile conditions like heightened unemployment rates, increased home prices and an adverse market refinance fee , Black Knight estimated over $4 trillion in mortgage origination volume by the end of 2020 with record levels across purchase and refi. The post Refinance wave boosts mortgage applications 3.8%

Fixed-rate mortgage 516

Fixed-rate mortgage Mortgages FHA loan Loans 516

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%.”

Fixed-rate mortgage 488

Fixed-rate mortgage Mortgages Loans Industrial 488

Housing Wire

JUNE 8, 2022

Despite the recent decline in mortgage rates , they were not low enough to spur refinance activity, which led to the decline of the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index. “The 30-year fixed rate increased to 5.4% after three consecutive declines. year over year. .

Fixed-rate mortgage 418

Fixed-rate mortgage Mortgages VA loan Loans 418

Housing Wire

NOVEMBER 30, 2021

However, mortgage applications declined across the board in comparison to a year ago. The overall market composite index dipped 29.6% Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said mortgage rates rose for the third week in a row, reducing incentives for many borrowers to refinance.

Mortgages 418

Mortgages VA loan FHA loan Fixed-rate mortgage 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.

Loans 418

Loans Mortgages VA loan Fixed-rate mortgage 418

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.

Fixed-rate mortgage 488

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 the previous week.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages Loans As-is 476

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.

Fixed-rate mortgage 497

Fixed-rate mortgage Mortgages Loans Land 497

Housing Wire

OCTOBER 7, 2020

“Continuing the trend seen in recent months, the purchase market is growing at a strong clip,” Kan said. 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 average contract interest rate for 5/1 ARMs fell to 2.8% from 2.95%.

Fixed-rate mortgage 482

Fixed-rate mortgage Mortgages Loans As-is 482

Housing Wire

MAY 12, 2021

. “Additionally, refinance loan balances increased for the fourth straight week, an indication that higher-balance borrowers acted to take quick advantage of lower rates.” ” Kan added that the first week of May was strong for the purchase market, with applications up 13% from a year ago.

Fixed-rate mortgage 468

Fixed-rate mortgage Mortgages Loans Industrial 468

Housing Wire

JULY 28, 2021

Those ultra-low rates naturally resulted in a sharp uptick in refinancing activity. “With over 95% of refinance applications for fixed rate mortgages, borrowers are looking to secure a lower rate for the life of their loan,” Kan said Wednesday. from 64.9% the previous week. from 10.5%.

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages Loans Finance 397

Housing Wire

SEPTEMBER 6, 2024

Mortgage rates remained flat following a jobs report on Friday that continued to show a cooling labor market. Kevin Leibowitz, president of Grayton Mortgage , said he was quoting 6.125% for a 30-year conventional mortgage of $400,000 on Friday with no discount points. That did not happen.

Mortgages 476

Mortgages VA loan FHA loan Fixed-rate mortgage 476

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

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages VA loan Loans 370

Housing Wire

MARCH 31, 2021

“Record-low inventory is pushing home-price growth at double the rate from a year ago, and even above the 10% growth rates seen in 2005,” Kan said. “The housing market is in desperate need of more inventory to cool price growth and preserve affordability.

Fixed-rate mortgage 459

Fixed-rate mortgage Mortgages Loans Lending 459

Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders.

VA loan 435

VA loan FHA loan Fixed-rate mortgage Banks 435

Housing Wire

APRIL 7, 2021

As has been the case for several weeks now, rising mortgage rates and low inventory are contributing to the slowdown in mortgage applications, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. Refinance mortgage applications declined for the fifth straight week.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Industrial 370

Housing Wire

APRIL 19, 2023

. “Last week’s increase in mortgage rates prompted a pullback in application activity. With more first-time homebuyers in the market, we continue to see increased sensitivity to rate changes ,” Joel Kan , MBA’s vice president and chief economist, said in a statement. last week. in the same period.

Mortgages 397

Mortgages Marketing Fixed-rate mortgage Loans 397

Housing Wire

MAY 19, 2021

The hike has also added nearly $13,000 to the market value of an average new multifamily home, which translates into households paying $119 a month more to rent a new apartment, the NAHB said. The post Mortgage applications increase for second straight week appeared first on HousingWire.

Fixed-rate mortgage 397

Fixed-rate mortgage Mortgages Loans Industrial 397

Marco Santarelli

JANUARY 2, 2025

As per the latest data from Zillow , the average 30-year fixed mortgage rate has climbed to 6.70% , while the 15-year fixed rate has increased to 6.10%. The rising rates may present challenges, but understanding the trend can provide some clarity for those looking to navigate this complex market.

Mortgages 98

Mortgages Fixed-rate mortgage Debt-to-income ratio VA loan 98

Housing Wire

MAY 5, 2022

and the adjustable-rate mortgage share remained unchanged at 9.3% of total applications, according to the Mortgage Bankers Association. The MBA found that purchase applications increased for conventional, FHA, and VA loans — all up 4% this week from the previous week. Refi applications dropped to 33.9%

Mortgages 370

Mortgages VA loan Fixed-rate mortgage Banks 370

Housing Wire

FEBRUARY 24, 2021

The adjustable-rate mortgage share of activity increased to 2.7% The housing market in most of the country remains strong, with activity last week 7% higher than a year ago,” Kan said. The post Texas storm deflates mortgage application numbers appeared first on HousingWire. of total applications.

Fixed-rate mortgage 349

Fixed-rate mortgage Mortgages Loans Industrial 349

Housing Wire

AUGUST 23, 2023

Mortgage applications fell for the fifth consecutive week as the 30-year fixed-rate mortgage rose to 7.31%, its highest level since December 2000. For the week that ended August 18, mortgage applications fell 4.2% from the prior week , according to data from the Mortgage Bankers Association. from 13.8%

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages Loans Investor 370

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. The bottom line is that the secondary mortgage market is the platform that powers the entire mortgage ecosystem in the U.S.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Marco Santarelli

MARCH 4, 2025

However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown. It signifies a potentially more favorable environment for entering the housing market or adjusting your current mortgage terms. mortgage rates.

Mortgages 119

Mortgages Debt-to-income ratio VA loan FHA loan 119

Marco Santarelli

MARCH 2, 2025

Generally, the 30-year fixed-rate mortgage is the most popular choice among homebuyers. This type allows homeowners to spread out their payments over three decades, resulting in lower monthly payments compared to shorter term loans. USDA loans, aimed at rural homebuyers, also offer 0% down options for qualified borrowers.

Mortgages 105

Mortgages Fixed-rate mortgage Loans Principal 105

Marco Santarelli

DECEMBER 31, 2024

This trend reinforces the idea that now could be an advantageous time to engage in the housing market, especially as rates are projected to gradually decline further in 2025. 20-Year Fixed 6.48% -0.10 15-Year Fixed 6.03% -0.09 30-Year VA 6.08% -0.04 15-Year VA 5.63% -0.07 5/1 VA 6.27% -0.03

Mortgages 52

Mortgages Fixed-rate mortgage VA loan Finance 52